Flex Announces Strategic Spin-off of Cloud and Power Infrastructure Segment into Axiom
Flex (FLEX) has announced plans to spin off its high-growth Cloud and Power Infrastructure segment into a standalone company named Axiom. This strategic move aims to separate the capital-intensive data center supplier from Flex's core manufacturing business, allowing both entities to pursue distinct market opportunities and tailored capital allocation strategies. The transition is supported by recent growth in the Cloud and Power segment, which saw revenue increase 54% year-over-year. To bolster Axiom's capabilities in the AI data center market, Flex recently completed the acquisition of EPC Power on October 14, 2026. This acquisition integrates utility-scale power conversion technology and advanced power architectures into the new entity's portfolio.
Topics: acquisition AI infrastructure cloud infrastructure corporate restructuring earnings report spin-off