November 13, 2015 - Assignment

Flex divests manufacturing unit to Orbit One

Flex (previously Flextronics) has divested its manufacturing unit in Ronneby, Sweden, to Orbit One. The unit comprises around 220 employees and will make Orbit One one of the largest contract manufacturers in Scandinavia after completion of the acquisition. Flex will continue to operate its design and engineering centres in Sweden which are not covered by the transaction.

Flex is a leading sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world. With approximately 200,000 professionals across 30 countries and a promise to help the world Live smarter™, the company provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets.

Flex was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Åsa Hansdotter, primarily assisted by Klas Eklund. Henric Diefke advised on employment law related issues.