Flex Announces $2.0 Billion Convertible Preferred Investment into Axiom Led by General Catalyst with Koch Equity Development
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 billionFlex intends to separate Axiom into an independent, publicly traded company in the first quarter of calendar 2027AUSTIN, Texas, Oct. 5, 2026 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced today that it has entered into an agreement to sell $2.0 billion of shares of Series A Convertible Preferred Stock of Axiom Solutions International, Inc. (Axiom), Flex's Cloud and Power Infrastructure segment,