🇺🇸Flex agreed to acquire data-center power-conversion supplier EPC Power for $4.4 billion, ahead of a planned infrastructure-business spinoff.

Flex agreed to acquire EPC Power in a transaction valued at $4.4 billion. EPC Power was described as a supplier of power-conversion solutions for data centers and electrical grids, placing the acquired business in the power-delivery layer rather than the processor or server layer.

The source said the transaction would give Flex access to platforms needed to deploy NVIDIA’s highest-power computing chips. It did not provide the acquisition’s cash-and-stock mix, financing structure, regulatory conditions, expected closing date, or any shareholder-approval requirement.

EPC Power is expected to become part of Flex’s cloud and power infrastructure business. Flex plans to separate that business into an independently listed company in the first quarter of 2027, but the source described this as a planned spinoff rather than a completed separation.