EPC Power Announces Sale to Flex for $4.4 Billion

Impact · against what's priced in

The EPC Power acquisition provides a concrete catalyst for Flex to realize the AI infrastructure growth the market has previously declined to price in. For Goldman Sachs, the exit confirms existing assumptions about a recovering M&A cycle but does not fundamentally alter the firm's valuation drivers.

FLEX+0.50

Challenges what's priced in

The price assumes

The sustained acceleration of Cloud and Power Infrastructure revenue to 38%+ growth

The market has explicitly declined to pay for the acceleration of the data center business; acquiring EPC Power's 800-volt architectures and solid-state transformers provides the physical technology required to unlock that growth.

What FLEX's price assumes · Sep 1

• data centers
• m and a
• GS
• FLEX
• acquisition
• ai infrastructure
• energy storage
• manufacturing
• power electronics
• power grid

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