SAN JOSE, CA – Flextronics has entered into an agreement to acquire Mirror Controls International from private equity firm Egeria.

The all-cash transaction is valued at $494 million.

MCi manufactures glass and powerfold mirror actuators in the automotive market. The firm generated approximately $216 million in revenue over the past twelve months, historically growing over 20% year-over-year.

The acquisition is expected to close in the September quarter.

"Our M&A strategy remains focused on identifying and acquiring technologies that deliver innovative solutions to our customers in companies that have longer and stable product lifecycles," said Mike McNamara, CEO of Flextronics. "MCi is an excellent example of a highly strategic acquisition that will directly enhance our automotive offering and benefit our overall capabilities platform, while driving new offerings and differentiation across multiple industries.”

Additional terms of the deal were not disclosed.

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