Flex agrees to buy EPC Power for $4.4B

Flex agreed to acquire EPC Power for $4.4 billion, adding power-conversion systems built for 800 V data-center architectures; EPC has more than 15 GW deployed across 62 countries, according to Flex’s transaction announcement. The deal is expected to close in Q4 2026, while Flex says EPC could generate about $800 million in 2026 revenue; builders should read this as supplier consolidation around AI power, not evidence that new capacity is available, alongside the data-center capex race.