EPC Power는 Flex에 의해 44억 달러의 금액으로 인수되는 최종 계약을 체결했으며, 해당 거래는 예상대로 c

EPC Power Corp., a leading North American designer and manufacturer of high-performance, software-defined power conversion solutions for data centers, utility-scale energy storage, and microgrids, announced today that it has entered into a definitive agreement to be acquired by Flex (NASDAQ: FLEX) for $4.4 billion. The transaction remains subject to customary closing conditions, including regulatory approvals, and is projected to close in the fourth quarter of 2026. Upon completion, EPC Power will operate as a business within Flex's Cloud and Power Infrastructure segment, building on an existing collaboration between the two companies.

The acquisition integrates EPC Power's differentiated power conversion technology platform with Flex's extensive portfolio of power and thermal management technologies for mission-critical applications. EPC Power's next-generation 800-volt data center power architectures, which include digital rectifiers and solid-state transformers, facilitate more efficient power delivery for higher-density AI infrastructure and extend Flex's leadership into an integrated grid-to-chip portfolio. The combined entity aims to address critical industry challenges by delivering fast, resilient, and secure power for AI data centers while supporting stable grid operations during a generational surge in electricity demand.

Jim Fusaro, Chief Executive Officer of EPC Power, stated, "What we accomplished over the last four years demonstrates the power of strong partnerships and a shared commitment to innovation. Together with Goldman Sachs Alternatives and Cleanhill Partners, EPC Power emerged as a U.S. technology leader in power conversion solutions that enable the next generation of data centers, AI computing, and grid modernization. We expanded our domestic manufacturing footprint nearly tenfold, strengthening America's industrial base and reinforcing the critical role of U.S. innovation in powering the future economy. This is only the beginning of what EPC Power can accomplish." Devin Dilley, Co-Founder, President and Chief Innovation Officer of EPC Power, added, "This is a landmark moment for EPC Power and every colleague who helped build this company. When we founded EPC Power, we set out to solve the hardest problems in power electronics, and our partnership with Goldman Sachs Alternatives and Cleanhill Partners enabled us to solve those problems for mission-critical infrastructure globally."

Power availability currently serves as the primary constraint on data center expansion. As AI workloads drive unprecedented increases in power density, resilience, and control requirements, operators face speed-to-power and load volatility challenges, where rapid, large-swing power draws from AI training and inference clusters can destabilize local grids. EPC Power's purpose-built solutions, including its Agile Grid Forming™ technology, provide performance and reliability that support on-site energy storage, microgrid, and grid-support configurations. These systems allow operators to energize capacity faster and withstand grid instability, while utilities benefit from improved network reliability and power quality.

Investors also commented on the strategic transition. Alexander Mass, Global Co-Head of Energy Transition Investing within Private Equity at Goldman Sachs Alternatives, said, "We are immensely proud of our partnership with Jim, Devin and the EPC Power team that saw the company launch new product platforms, increase domestic U.S. manufacturing and partner with customers to solve novel challenges in AI power architecture. EPC Power plays a critical role in supporting grid reliability and speed to power during a period of growing concerns around energy security. We wish Flex and the EPC team continued success during their stage of growth." Eddie Sigman, Investor within Private Equity at Goldman Sachs Alternatives, noted, "As grid resilience and data center power demand have converged into one of the defining challenges of the next decade, it has been a privilege to support EPC Power's operational and commercial scale-up into a global platform positioned at the center of those megatrends." Ash Upadhyaya and Rakesh Wilson, Managing Partners at Cleanhill Partners, stated, "We first invested in EPC Power in 2021 because we believed power conversion would become a critical enabling technology as renewable generation, grid modernization and digital infrastructure converged. That conviction came well before the extraordinary growth in power demand driven by AI. Since then, we have had the privilege of working closely with Jim, Devin and the EPC team as the company grew, expanded its U.S. manufacturing footprint and created high-quality jobs in the U.S. We are proud to have supported EPC from an early stage and, in its next phase, alongside Goldman Sachs Alternatives as the business entered a new period of growth. Seeing what the team has built over the past five years has been incredibly rewarding, and we believe Flex is the right partner for EPC's next chapter."

Goldman Sachs & Co. LLC. and J.P. Morgan Securities LLC served as financial advisors, and Vinson & Elkins LLP served as legal counsel, to EPC Power and its controlling shareholders, Goldman Sachs Alternatives and Cleanhill Partners. EPC Power continues to develop high-performance power conversion systems for mission-critical applications, leveraging its Agile Grid Forming™ technology to deliver reliable, resilient, and secure energy for AI-driven workloads and grid stability use cases. Flex, registered under number 199002645H, operates across 30 countries and accelerates data center deployment through advanced power and cooling technology alongside scalable IT infrastructure solutions. Goldman Sachs Alternatives, part of Goldman Sachs Asset Management, manages over $706 billion in assets and brings more than 30 years of experience investing across private equity, venture capital, infrastructure, and other alternative strategies.