Key Stats
Flex Ltd operates as a leading electronics manufacturing services provider delivering comprehensive design, engineering, and supply chain solutions across multiple industries. The company serves original equipment manufacturers through an extensive global network of manufacturing facilities and design centers.
Founded originally as Flextronics International in Silicon Valley, the company transformed from a small circuit board manufacturer into a multinational corporation serving diverse sectors including automotive, healthcare, industrial, and consumer electronics. The organization provides end-to-end solutions encompassing product design, prototyping, full-scale manufacturing, and logistics services.
Flex operates through two primary business segments that address different market needs and manufacturing requirements. The Flex Agility Solutions segment focuses on fast-cycle manufacturing for communications infrastructure, consumer devices, and lifestyle products. The Flex Reliability Solutions segment specializes in complex, long-lifecycle manufacturing for automotive, healthcare, and industrial applications requiring specialized production environments and critical quality standards.
Flex History
Flex Co-founders
Flex Revenue
Flex Ltd generates substantial annual revenue through its electronics manufacturing services operations across global markets. The company reported fiscal year 2025 revenue of 25.8 billion dollars.
Flex Competitors
The electronics manufacturing services industry features intense competition among several major global providers serving similar customer segments and end markets.
| Competitor | Headquarters | Key Focus |
|---|---|---|
| Foxconn Technology Group | Taiwan | Consumer electronics, smartphones |
| Jabil Inc | United States | Healthcare, automotive, industrial |
| Celestica Inc | Canada | Communications, enterprise computing |
| Sanmina Corporation | United States | Communications, industrial systems |
| Benchmark Electronics | United States | Industrial, medical devices |
| Pegatron Corporation | Taiwan | Computing, consumer electronics |
| Plexus Corp | United States | Healthcare, industrial technology |
| Compal Electronics | Taiwan | Computing, mobile devices |
Flex Marketcap
Flex Ltd market capitalization reflects the company’s value as determined by stock market investors. The company maintains a market cap of approximately 22.4 billion dollars as of October 2025.
Flex Acquisitions
Flex Ltd has executed strategic acquisitions throughout its history to expand capabilities, enter new markets, and enhance its technology portfolio. The company completed 16 acquisitions with seven coming from private equity firms.
The largest acquisition occurred in 2007 when Flex purchased Solectron for 3.6 billion dollars, dramatically expanding its global manufacturing footprint and customer base. This transformative deal positioned Flex as a leading electronics manufacturing services provider with enhanced capabilities across multiple industry segments. The Solectron acquisition brought additional manufacturing facilities, engineering expertise, and established customer relationships that accelerated the company’s growth trajectory.
In 2021, Flex acquired Anord Mardix for 540 million dollars to strengthen its position in the data center infrastructure market. This strategic purchase enhanced the company’s power distribution and protection systems capabilities. The acquisition aligned with growing demand for data center solutions driven by cloud computing expansion and digital transformation initiatives across industries. Anord Mardix brought expertise in modular data center solutions and medium voltage power distribution that complemented Flex existing offerings.
More recently, Flex completed the acquisition of Crown Technical Systems in 2024 for 325 million dollars. This purchase expanded the company’s critical power portfolio and strengthened its presence in the utility power market. Crown Technical Systems specializes in fully integrated power distribution and protection systems for data centers and industrial applications. In November 2024, Flex also acquired JETCOOL Technologies to enhance its liquid cooling capabilities for high-power electronics, addressing increasing thermal management requirements in data center and computing applications driven by artificial intelligence workloads.
The company has also divested certain businesses to focus on core competencies and higher-margin operations. In 2024, Flex completed the spinoff of its remaining interests in Nextracker, a solar tracker technology company, to shareholders. This strategic divestiture allowed Flex to concentrate resources on its electronics manufacturing services business while providing Nextracker independence to pursue growth opportunities in the renewable energy sector. The transaction demonstrated the company’s disciplined approach to portfolio management and capital allocation focused on maximizing shareholder value through strategic business optimization.
FAQs
What does Flex Ltd do
Flex Ltd provides electronics manufacturing services including design, engineering, manufacturing, and supply chain solutions to original equipment manufacturers across automotive, healthcare, industrial, communications, and consumer electronics industries worldwide.
Where is Flex Ltd headquartered
Flex Ltd headquarters is located in Austin, Texas, United States, while the company maintains its legal domicile in Singapore where it was originally relocated in 1990.
Who founded Flex Ltd
Joe McKenzie and Barbara-Ann McKenzie founded Flex in 1969 as Flextronics in Silicon Valley, California, initially providing circuit board manufacturing services to technology companies.
How many employees does Flex have
Flex employs approximately 148,000 people worldwide as of 2024, operating manufacturing facilities and design centers across more than 30 countries globally.
When did Flextronics change its name to Flex
Flextronics International Ltd officially changed its corporate name to Flex Ltd in September 2016 to reflect its evolution beyond traditional manufacturing into comprehensive supply chain solutions.