Flex secures $2B investment in Axiom unit ahead of planned spinoff

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Go back to Flex secures $2B investment in Axiom unit ahead of planned spinoff

Flex Announces $2.0 Billion Convertible Preferred Investment into Axiom Led by General Catalyst with Koch Equity Development

October 5, 2026 8:00 AM EDT

Transaction Highlights:

Strategic investment from General Catalyst, Koch Equity Development, and co-investors to support long-term growth at Axiom, Flex's Cloud and Power Infrastructure segment $2.0 billion convertible preferred equity investment is at an initial enterprise value for Axiom of $37.5 billion Flex intends to separate Axiom into an independent, publicly traded company in the first quarter of calendar 2027

AUSTIN, Texas, Oct. 5,... More