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Flex to Acquire EPC Power, Adding Leading Power Conversion Capabilities for AI Data Centers and Grid Applications
The deal adds EPC Power’s software-defined power conversion technology for AI data centers and grid applications to Flex’s portfolio.
On Thursday, September 3, 2026, Flex announced a definitive agreement to acquire EPC Power for $4.4 billion, strengthening its data center and electrical infrastructure capabilities.
Headquartered in California, EPC Power designs intelligent power conversion solutions for data centers and utility-scale energy storage, addressing critical demands during the current energy demand supercycle.
Flex Chief Executive Officer Revathi Advaithi called the acquisition a "generational shift in power architecture," positioning the company to deliver 800V power conversion for high-density AI workloads.
EPC Power is expected to generate approximately $800 million in 2026 revenue with approximately 40% organic growth projected for 2027, becoming part of Flex's Cloud and Power Infrastructure segment.
Following the transaction's expected closure in the fourth quarter of 2026, Flex plans to separate the Cloud and Power Infrastructure segment into an independent, publicly traded company in Q1 2027.