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Slide #84. Flextronics — RIWISA
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 provider of design and manufacturing services and components for electronics. Co.'s segments are: High Reliability Solutions, which is comprised of Co.'s health solutions business, including surgical equipment; Industrial and Emerging Industries, which is comprised of energy including metering infrastructure, energy storage, smart lighting, and smart solar energy; Communications and Enterprise Compute, which includes telecom business of radio access base stations, and remote radio heads; and Consumer Technologies Group, which includes consumer-related businesses in internet of things enabled devices, audio and consumer power electronics.
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Strong Buy (3.60 out of 4)