Flex Ltd.'s FLEX subsidiary, Anord Mardix, has set up a second facility in Dundalk, Ireland.
The new facility, named D2, is now fully operational and will act as an assembly hub for switchgear and modular power systems. The facility will support the increasing global need for safe, reliable and uninterrupted data center power from the grid to the chip, driven by the proliferation of AI tech.
The cutting-edge facility increases Anord Mardix's manufacturing space by 120,000 sq ft, doubling its footprint in Ireland and guaranteeing a smooth and efficient production process for data center clients.
The expansion in Dundalk will enable the company to address the global power challenges faced by AI data centers with innovative solutions while creating new career opportunities for the local community.
The opening of the D2 facility highlights FLEX and Anord Mardix's commitment to delivering advanced, vertically integrated power solutions to the expanding global data center market.
Flex Ltd. Price and Consensus
Flex Ltd. price-consensus-chart | Flex Ltd. Quote
Anord Mardix is a leading name in critical power distribution and protection, with operations across North America, EMEA and the Asia Pacific. It offers a comprehensive range of products, including switchgear, modular power pods and flexible busway distribution solutions, serving data centers and cloud computing industries worldwide.
Its parent company, FLEX, is based in Singapore with headquarters in Austin, TX. FLEX offers advanced manufacturing solutions and additional value to customers through a wide array of services, including design and engineering, component services, rapid prototyping, fulfillment and circular economy solutions.
In the first quarter of fiscal 2025, Flex's revenues fell 8% year over year to $6.3 billion due to declines in the Agility and Reliability Solutions segments. Reliability Solutions saw a 10% decrease to $2.9 billion due to weak macroeconomic conditions in core industrial areas, while Agility Solutions fell 5.5% to $3.4 billion.
However, Flex's performance is being cushioned by momentum in automotive, cloud and data center power. Health Solutions' business is gaining from advanced digital health/medical device demand.
FLEX currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 21.1% in the past year compared with the sub-industry's growth of 16.8%.
Image Source: Zacks Investment Research
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