Flex's $4.4B EPC Power deal, then a Q1 2027 spin-off of Cloud and Power Infrastructure

Flex is buying its way into 800V data-center power. On September 3, 2026 it announced a definitive agreement to acquire EPC Power at a value of $4.4 billion. The same day it filed a Form 8-K confirming the consideration. The acquisition is the first step in a two-part sequence: EPC Power folds into Flex’s Cloud and Power Infrastructure segment at close, and Flex says it will then spin that segment out as a separate public company.

• Flex to acquire EPC Power for $4.4 billion – Flex expects the deal to close in the fourth quarter of calendar 2026, with Citi and Bank of America providing committed financing.
• EPC Power moves into Flex’s Cloud and Power Infrastructure segment at close – Flex plans to separate that segment into an independent public company in the first calendar quarter of 2027.
• EPC Power’s Fountain Inn, South Carolina plant adds 27 GW of annual capacity – the 167,000-square-foot site is designed to scale to 40 GW annually and creates 275 jobs.
• India’s CEA draft would mandate co-located storage on new solar and wind – ground-mounted solar and onshore wind commissioned after July 1, 2027 must add storage equal to at least 10% of plant capacity for two hours, rising to four hours for 2029-2031.
• ESDS earmarks Rs 4,807.29 million of IPO proceeds for data-centre build-out – funding covers cloud and electrical infrastructure across Airoli, Bengaluru, Mohali and Nashik.
• Livingston Parish zoning classifies electricity generation plants as major utilities – the February 27, 2025 rewrite allows them by right in AG, MU, C-1, C/I, I-2 and other districts.