Flex announced it plans to acquire EPC Power at a value of $4.4 billion. The deal matters because it positions Flex to broaden its offering across data center and electrical infrastructure at a moment when demand for AI infrastructure is accelerating. EPC Power, founded in 2010 and headquartered in California, manufactures intelligent power conversion solutions, including utility-scale inverters and platforms for data centers. Flex explicitly described the data center play as attractive, signaling that the acquisition is less about legacy solar inverters alone and more about power conversion for digital infrastructure.
The transaction has a defined timeline and organizational destination. After the expected transaction close in Q4 2026, EPC Power will become part of Flex's Cloud and Power Infrastructure (CPI) segment. Flex then plans to separate CPI into an independent publicly traded company in Q1 2027. That sequencing means EPC Power would be acquired into a unit that is itself being prepared for a standalone listing, placing the inverter brand inside a newly independent power and cloud infrastructure business rather than a long-term legacy Flex division.
The evidence for the announcement comes from a single secondary source, Solar Power World, which reported the planned acquisition and included statements from both companies' chief executives. EPC Power CEO Jim Fusaro framed the deal around solving difficult power conversion challenges through integrated hardware, software and controls, and said customers need power systems that are more intelligent, efficient and resilient as AI infrastructure demand accelerates. Flex CEO Revathi Advaithi described a generational shift in power architecture driven by rising power density and changing demands of digital infrastructure, and said EPC Power brings leading power conversion and grid-forming technology, including 800-V power conversion today and a path toward solid-state transformers.
The sector implications extend beyond data centers. Flex has years of involvement in energy industries as a manufacturing partner in the inverter and tracker space, and is recognized as Enphase's contract manufacturer in the United States for American-made microinverters. Flex was also once the parent company of Nextracker, now Nextpower, until the companies split in 2024. That history suggests the EPC Power acquisition fits a broader pattern of Flex operating across solar, tracker, and power electronics supply chains, while the CPI separation indicates Flex is reorganizing those infrastructure capabilities into a distinct public entity.
The available reporting leaves several material questions unanswered. The source does not disclose financing terms, regulatory conditions, or how the $4.4 billion value was determined. It also does not specify EPC Power's revenue, profitability, or existing customer base beyond the general data center and utility-scale inverter description. Because the evidence level is a single full-text article from a secondary trade publication, the analysis must remain close to that source. What to watch is whether the Q4 2026 close and Q1 2027 CPI separation proceed as announced, and whether Flex or the independent CPI company later provides financial details or customer disclosures that clarify the strategic weight of the acquisition.