Flex Secures $2B Investment for Axiom at $37.5B Valuation Ahead of 2027 Spin-Off
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Austin, Texas – October 05, 2026 -- Flex (NASDAQ: FLEX) has agreed to sell $2.0 billion of Series A Convertible Preferred Stock in Axiom Solutions International, its Cloud and Power Infrastructure segment, to funds affiliated with General Catalyst, Koch Equity Development, and co-investors, at an initial enterprise value of $37.5 billion for Axiom.
Flex Targets Q1 2027 for Axiom's Independent Public Listing
Flex intends to separate Axiom into an independent, publicly traded company in the first quarter of calendar 2027, with the current investment structured to apply solely to Axiom on a pro-forma basis once the separation completes.