Ericsson sells power module business to Flex

News Wireless Global 21 JUN 2017
Ericsson sells power module business to Flex
Ericsson has signed an agreement to sell its Ericsson Power Module business to Flex for an undisclosed amount. Part of Ericsson's strategy announced in March to refocus on its core activities, the sale will see more than 300 Ericsson employees and consultants move to Flex. The sale also includes Shanghai Ericsson Electronics Corporation, a manufacturing site in China, and business assets in Sweden. 

Ericsson Power Modules designs and manufactures power supply products for information and communications equipment, including radio base stations, switches and routers, as well as additional computing and industrial applications. Flex operates in the power segment with Flex Power, delivering power supply products to a wide range of markets. 

The transaction is expected to close in the third quarter. 

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