Flex to spin off Power and Cloud unit into two focused public companies by early 2027

Flex announced a plan to spin off its Power and Cloud portfolio into a new independent company, SpinCo, focused on digital infrastructure for AI data centers, while Flex will continue as a global advanced manufacturing firm. The spin-off aims to sharpen strategic focus, improve financial clarity, and create shareholder value, with SpinCo targeting rapid revenue growth and Flex focusing on manufacturing solutions across diverse industries. Leadership changes include Revathi Advaithi as SpinCo CEO and Michael Hartung as Flex CEO. The transaction is expected to be tax-free and close in the first quarter of 2027.