Sunday, September 30, 2007

Flextronics Completes Acquisition of Solectron

Flextronics has completed its previously announced acquisition of Solectron, creating the most diversified and premier global provider of advanced design and vertically integrated electronics manufacturing services ("EMS").

The combined company has approximately 4,000 design engineers, 200,000 employees, and annual revenues exceeding $30 billion.

  • In June 2007, Flextronics International first announced plans to acquire Solectron Corporation for approximately $3.6 billion in equity, based on the closing price of Flextronics ordinary shares on June 1, 2007.

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