# Flex to acquire Crown Technical Systems for $325 million

Flex has entered into a definitive agreement to acquire Crown Technical Systems, a leader in power distribution and protection systems, for $325 million in an all-cash transaction.

- Type: Acquisition
- Announced: 2024-10-17
- Where: United States
- Value: $325.0M
- Status: announced
- Products: power distribution systems, protection systems, medium voltage switchgear, control and relay products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Flex](https://endata.com/companies/12844.md) (acquirer)
- [Crown Technical Systems](https://endata.com/companies/42620.md) (target)
- [JetCool Technologies](https://endata.com/companies/81025.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/flex-to-acquire-crown-technical-systems-302278770.html), 2024-10-17: "Flex announced today that it has entered into a definitive agreement to acquire Crown Technical Systems, a leader in fully integrated power distribution and protection systems, for $325 million in an all-cash transaction."
- [finansavisen.no](https://www.finansavisen.no/pressemeldinger/2024/11/14/4445cf75-ced2-496c-ab6a-da4bd9f0e527/flex-acquires-jetcool-to-expand-data-center-and-power-portfolio), 2024-11-14: "The addition of JetCool's advanced liquid cooling technology strengthens our ability to help customers address increased power, thermal density, and cooling requirements across the full spectrum of AI workloads and high-performance computing."

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