# Ericsson to divest power modules business to Flex

Ericsson signed an agreement to divest its Ericsson Power Modules business to Flex. The transaction includes a manufacturing site in China and business assets in Sweden, with over 300 employees transferring to Flex. Expected to close in Q3 2017.

- Type: Acquisition
- Announced: 2017-06-21
- Jobs: 300
- Status: announced
- Products: power modules, power supply products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Ericsson](https://endata.com/companies/20378.md)
- [Flex](https://endata.com/companies/12844.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/06/21/1027052/0/en/Ericsson-to-divest-its-power-modules-business-to-Flex.html), 2017-06-21: "Ericsson (NASDAQ:ERIC) has signed an agreement with multinational technology and Sketch-to-Scale(TM) solutions provider, Flex, to divest Ericsson Power Modules (EPM)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.