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Flex plans spin-off of Cloud and Power Infrastructure unit into new public company

PUBT·05/05/2026 20:21:51
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Flex plans spin-off of Cloud and Power Infrastructure unit into new public company
  • Flex plans to separate its Cloud and Power Infrastructure business into a new publicly traded company, SpinCo, targeting completion in Q1 2027.
  • SpinCo will focus on power and thermal management technologies and integrated infrastructure systems for AI data centers and other mission-critical applications.
  • Revathi Advaithi is set to become CEO of SpinCo, retaining the Flex chair role for a transitional period; Michael Hartung is set to become CEO of Flex.
  • Flex is targeting SpinCo revenue growth of about 65%-75% in fiscal 2027, accelerating to 80%+ in fiscal 2028.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flex Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: SF51777) on May 05, 2026, and is solely responsible for the information contained therein.