About This Deal

FLEX LTD. acquired AGM Automotive for approximately $213.7 million, net of cash acquired, a transaction completed in April 2017, structured as all cash.

AGM Automotive operates in High Reliability Solutions (HRS) - Automotive. Flex acquired AGM Automotive in April 2017 for approximately $213.7 million, net of cash acquired, in an all-cash transaction. The deal expanded Flex's capabilities in the automotive market within its High Reliability Solutions (HRS) segment.

expanded its capabilities in the automotive market, and is included within the HRS segment.

Customer-relationship-rich automotive supplier deepening HRS scale. High Reliability Solutions (HRS) segment

Deal Terms

Acquirer
FLEX LTD.
Target
AGM Automotive
Value
Approximately $213.7 million, net of cash acquired
Date
April 2017
Type
Full acquisition
Status
Ready

Transaction Details

Segment
High Reliability Solutions (HRS) - Automotive
Structure
All cash
Closed
April 1, 2017

In Their Words

In April 2017, the Company completed its acquisition of AGM, which expanded its capabilities in the automotive market, and is included within the HRS segment. The Company paid $213.7 million, net of cash acquired.Flex FY18 10-K, Business and Asset Acquisitions & Divestitures note

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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