Anord Mardix

Anord Mardix manufactures power equipment for data centers, including switchgears, modular devices, custom-made and flexible bus distribution solutions for data halls.

History

2021: Flex bought Anord Mardix for $540 million

On October 18, 2021, Flex announced a final agreement to acquire Anord Mardix, a global leader in critical power solutions, from Bertram Capital, a private investment company. This acquisition will fill up a portfolio of food of the Flex company and will expand its offers in the market of the data-processing centers (DPC). The $540 million transaction for the cash settlement was unanimously approved by the Flex Board of Directors and will be completed in the fourth quarter of calendar year 2021, subject to normal closing conditions, including regulatory approval.

Anord Mardix, combined with Flex products for built-in power, servers and storage systems, racks and enclosures, as well as the ability to fully assemble systems, will accelerate the company's growth in the data center market. Anord Mardix will also use Flex's global presence and supply chain to establish itself as a reliable supplier of quality products in all major regions.

Flex bought a developer of power equipment for data centers for $0.5 billion

This acquisition is in line with Flex's earlier strategy of enhancing higher-return opportunities in the fast-growing verticals of our reliability business. With the acquisition of Anord Mardix, the Flex business will be better positioned to meet the growing global demand for data center power solutions, said Flex CEO Revathi Advaithi.

The global scale of Flex and key relationships with industry leaders will benefit Anord Mardix as a trusted partner serving a diverse, global customer base as the company works to expand its markets USA and Asia attract key hyperscaling partners. Together, the combined companies will provide extensive opportunities for strategic growth and further market penetration of $10 billion, dollars which is expected to grow by about 9% year-on-year until 2026.

Anord Mardix plans to receive revenue of about $360 million in calendar year 2021 and has every opportunity for further growth until 2024. Flex expects the Anord Mardix deal to boost adjusted earnings per share and provide profit margin before interest, tax, depreciation and amortization (EBITDA) in the mid-2023 fiscal year, which begins April 1, 2022. For reporting purposes, Anord Mardix will be included in the business unit of the Flex robust solutions segment.^[1]

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