Levada – Accursia Capital GmbH acquires Flextronics srl from Flex Ltd. In the course of the carve-out the unit will be rebranded as “Likum Italy”. Flextronics srl is a fully certified production site, specialized in multi-component injection molding to produce high-quality thermoplastic part and tools for the automotive, medical, and industrial industries. The company is based in Levada one of the leading industrial hotspots near Trevisio in Northern Italy and employs 150 people. The transaction is Accursia's second acquisition in the molding sector and not only contributes significantly to the strengthening and diversification of this platform, but also expands Accursia's geographical footprint in Italy and underlines the group’s buy-and-build approach. Flex Ltd., headquartered in Singapore, is a publicly traded advanced manufacturing services company that designs and builds products for a diverse range of industries and end markets. Flex Ltd. sold Flextronics srl for strategic reasons. “This transaction underlines again our strong focus on our buy&build strategy. The company is a suitable add-on acquisition to our injection molding platform. Within the next months our focus will be on leveraging synergies within this platform.”, said Martin Scheiblegger, CEO of Accursia Capital. About Accursia Capital Accursia Capital is a Munich-based private equity holding and invests in medium-sized industrial companies. The investment focus is on companies, which have significant operational value creation potentials. Typical investments are companies with unresolved succession issues, restructuring and turnaround cases as well as complex carve-out projects. Accursia Capital pursues a long-term investment approach and intends to develop its investments sustainably. For further questions regarding the transaction, please contact
news@accursia-capital.de
www.accursia-capital.de
