Flex Ltd. Announces Spin-Off of Cloud and Power Infrastructure Segment Into New Independent Company

Deal Summary

Flex Ltd. announced it will spin off its Cloud and Power Infrastructure segment into a separate publicly traded company, tentatively called SpinCo. The separation is targeted for Q1 2027, pending approvals, with Flex CEO Revathi Advaithi slated to lead the new entity. The move aims to give each business a focused growth strategy and capital allocation.