Flextronics Completes Stellar Microelectronics Acquisition

SINGAPORE, April 9, 2012 /PRNewswire/ -- Flextronics (NASDAQ: FLEX) today announced that it has completed its previously announced acquisition of Stellar Microelectronics. The acquisition extends Flextronics' service offering in advanced custom packaging solutions that utilize the latest microelectronics technologies for the aerospace, defense and medical manufacturing markets and the ability to support customers with unique U.S. manufacturing needs such as AS9100C, ISO 9001:2008 and ISO13485:2003. The completion of this acquisition also increases Flextronics' aerospace, defense and medical customer portfolio.  

"We are very pleased to welcome the Stellar Microelectronics team to our organization. Through their hard work and dedication, they have built a highly successful organization with leading solutions across a diverse range of engineering, product development and production services," said Paul Humphries, group president of Flextronics High Reliability Solutions. "Our organization is now even better able to address the precision-dependent, high-demand needs of the aerospace, defense and medical manufacturing markets, and we look forward to delivering these services with our new team members from Stellar Microelectronics."

Flextronics was represented by Kirkland & Ellis LLP in the transaction.

About Flextronics
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, clean tech 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 are 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/.  

SOURCE Flextronics