FRAMINGHAM, MA -- Bose will sell a pair of manufacturing and development operations in Mexico and Malaysia to Flex later this year under a manufacturing services agreement.

Terms were not disclosed.

The Bose sites in San Luis, Mexico and Penang, Malaysia, will transfer to Flex, and Flex will assume current and planned Bose production in both facilities. The agreement also grants Bose greater access to Flex's supply chain solutions, accelerating speed-to-market around the world.

The San Luis and Penang plants were opened in 1990 and 2013, respectively, and make headphones, wireless speakers, home theater systems and professional products. Combined, they have approximately 3,500 employees, and under the terms of the agreement, Flex will retain the vast majority of both teams.

Operations will transfer upon the transaction's closing, and the deal is subject to customary conditions, including regulatory approvals, and is scheduled to occur during 2016.

The decision continues Bose's transition from its traditional internal manufacturing structure. Last year, the OEM announced the closing of factory operations in Carrickmacross, Ireland, and Blythewood, South Carolina, eliminating hundreds of jobs.

Flex, a global leader in manufacturing, announced they've reached an agreement to expand their existing strategic partnership. As part of the new agreement, ownership and operation of Bose's

"Bose has a diverse product line in ever-changing industries," said Bryan Fontaine, executive vice president, Bose Global Operations. "We've always used independent manufacturers to support our global business, and have used Flex in that capacity for over a year. Now, we've chosen them to assume the work in two of our plants because their deep expertise and infrastructure will help us keep pace with our current and future product plans, and meet our projected growth in current and emerging markets. They're also innovators and can meet our quality standards. But just as importantly, we think that Flex's corporate culture is most aligned with ours, and that's important for our employees."