Flex Completes EPC Power Acquisition Following US$4.4 Billion Agreement
Flex confirmed the EPC Power acquisition closed October 14; the US$4.4 billion value comes from its September agreement, subject to customary adjustments.
At a glance
- Transaction stage
- Acquisition completed October 14, 2026
- Agreement value
- $4.4 billion, subject to customary adjustments
- Installed base
- More than 15 GW deployed across 62 countries
Flex confirmed on October 14 that it completed its acquisition of EPC Power, bringing the power-conversion business into its Cloud and Power Infrastructure segment. The transaction has moved from a signed agreement to a completed acquisition.
Flex’s September 3 agreement announcement valued the deal at US$4.4 billion, subject to customary adjustments. The October closing release does not disclose an updated final consideration figure, so the earlier agreement value should not be treated as a newly verified closing payment.
EPC Power develops power-conversion hardware, software and controls for data centers and grid applications, with engineering and manufacturing in the United States. Flex says the business has deployed more than 15 GW and supports grid stabilization and backup power, as well as development of next-generation 800V data-center power architectures.
The acquired capabilities join Flex’s power, cooling and computing portfolio. Flex still plans to separate that segment as Axiom Solutions International in the first calendar quarter of 2027. That planned separation is distinct from the EPC Power purchase that has now closed.
Closing announcement — October 14 · Agreement and valuation basis — September 3, 2026 · Capital & Policy. Official media contact: press@flex.com. Sources reviewed October 15, 2026.
Related sector coverage
News & analysisFort Benning begins autonomous shuttle mapping for Army pilot
Fort Benning has begun mapping routes for a six-vehicle autonomous shuttle pilot, with phased testing scheduled through the end of 2026.
Read story →Cochise County posts 6 GW data-center application for December 9 hearing
Tombstone Resources’ pending special-use request covers nine computing buildings and battery storage on 747 acres near Cochise, Arizona.
Read story →HPE Introduces Liquid-Cooled Vera CPU Rack for Agentic AI Factories
HPE announced a liquid-cooled NVIDIA Vera CPU rack designed for agentic AI and reinforcement-learning workloads, alongside expanded governance and security support.
Read story →What happens next
Flex plans to separate its Cloud and Power Infrastructure segment as Axiom Solutions International in the first calendar quarter of 2027.
Source for this milestone →Why it matters for the industry
The closed acquisition adds U.S.-based power-conversion and grid-forming capabilities to Flex’s AI infrastructure portfolio. The $4.4 billion figure is the agreement value, subject to customary adjustments, not a newly disclosed closing payment.
Supporting source →Sources & reporting
- Flex acquisition closing · October 14, 2026
- Flex agreement and valuation basis · September 3, 2026
Sources checked 2026-11-03.