AUSTIN, TX – Flex has completed the previously announced acquisition of Crown Technical Systems, a provider of integrated power distribution and protection systems.

The $325 deal increases Flex's exposure to the modular data center and medium voltage power distribution markets, and extends its power portfolio into the utility power market while strengthening its position in critical power and supporting growth in the US data center market, the company said.

"We are pleased to welcome the Crown Technical Systems team officially to Flex," said Revathi Advaithi, CEO, Flex. "This transaction strategically strengthens our unique EMS + Products + Services data center and power portfolio and expands our presence in high growth markets to help drive long-term value for our customers and shareholders."

Crown Technical Systems is expected to generate revenue of approximately $120 million and high-teens EBITDA margin in fiscal 2025, which ends on March 31, 2025.