About This Deal

FLEX LTD. acquired Mirror Controls International (MCi) for approximately $555.2 million, net of $27.7 million of cash acquired, a transaction completed in June 2015, structured as all cash.

Mirror Controls International (MCi) operates in High Reliability Solutions (HRS) - Automotive. Flextronics (now Flex) acquired 100% of the outstanding share capital of Mirror Controls International, a supplier of electronic actuation and mechatronics systems for the automotive market. The deal added $75.5 million in customer-related intangibles and $161.3 million in licenses and other intangibles, with total aggregate purchase price recorded at $555.2 million.

This acquisition expanded the Company's capabilities in the automotive market, and was included in the HRS segment.

Higher-margin automotive mechatronics content expanding the HRS segment. High Reliability Solutions (HRS) segment

Deal Terms

Acquirer
FLEX LTD.
Target
Mirror Controls International (MCi)
Value
Approximately $555.2 million, net of $27.7 million of cash acquired
Date
June 2015
Type
Full acquisition
Status
Ready

Transaction Details

Segment
High Reliability Solutions (HRS) - Automotive
Structure
All cash
Closed
June 29, 2015

In Their Words

This acquisition expanded the Company's capabilities in the automotive market, and was included in the HRS segment.Flextronics International FY16 10-K, Business and Asset Acquisitions note

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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