Flextronics Completes Acquisition Of Motorola Mobility Operations
SINGAPORE, April 16, 2013 /PRNewswire/ -- Flextronics (NASDAQ: FLEX) today announced that it has completed its previously announced acquisition of manufacturing operations in Tianjin, China, and has assumed the management and operation of the Jaguariuna, Brazil facility from Motorola Mobility LLC, owned by Google. Employees and assets at both locations have transferred to Flextronics. The previously announced agreement also included a manufacturing and services agreement for Motorola products.
"We welcome the highly skilled Motorola Mobility manufacturing team to our organization," said Mike McNamara, CEO at Flextronics. "Their extensive operations expertise and capabilities will provide tremendous value to our company, particularly in China and Brazil."
"We appreciate the professionalism and dedication of the personnel at both sites," said Mark Randall, senior vice president, supply chain & operations at Motorola Mobility, LLC. "This is a great outcome for our manufacturing team, and it enables us to focus on what we do best: designing and creating amazing mobile devices."
Flextronics will report its fourth quarter and year-end fiscal 2013 results after the market closes on April 30. Further details regarding the financial impact of this transaction will be discussed at that time.
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to aerospace and defense, automotive, computing, consumer, industrial, infrastructure, medical, energy and mobile OEMs. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com/.
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