This Slide: #84 of 100 |
Slide #84. Flextronics — RIWISA
Acquirer:
Flextronics (NASDAQ:FLEX)
Acquiree:
RIWISA
Details:
Flextronics (NASDAQ: FLEX) today announced that it has completed its previously announced acquisition of RIWISA AG. As a result of the transaction, Flextronics has acquired RIWISA's state-ofthe-art manufacturing facilities located in Hagglingen, Switzerland and highly-experienced employees in medical, consumer packaging and industrial products. With the close of the acquisition, Flextronics broadens its precision injection molding and high-speed automation offerings.
Flex is a manufacturing partner. Co. provides customers a range of services, including design and engineering, component services, prototyping, fulfillment, and circular economy solutions. Co.'s reportable segments are: Flex Agility Solutions, which is comprised of the communications, enterprise and cloud end market; lifestyle end market, and consumer devices end market; Flex Reliability Solutions, which is comprised of the automotive end market; health solutions end market, and industrial end market; as well as Nextracker, a provider of integrated solar tracker and software solutions that are used in utility-scale and ground-mounted distributed generation solar projects around the world.
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Strong Buy (3.75 out of 4) 70th percentile
(ranked higher than approx. 70% of all stocks covered)
Analysts' Target Price: FLEX Stock Forecast Based on Zacks ABR data; powered by Xignite |