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TMCNet:  Flextronics and Motorola Mobility Sign Definitive Agreement

[December 13, 2012]

Flextronics and Motorola Mobility Sign Definitive Agreement

TMCnet Contributor
 
Flextronics (News - Alert), a premier Electronics Manufacturing Services provider, recently entered into a partnership agreement with Motorola Mobility LLC, owned by Google. Financial terms of the agreement have not been disclosed.

Under the terms of the deal, Flextronics will acquire Motorola's (News - Alert) manufacturing operations in Tianjin, China. The firm will also undertake the management and operation of its Jaguariuna, Brazil facility.
'We are very pleased to announce today's agreement and expand our long-standing collaborative and successful relationship with Motorola Mobility,' Mike McNamara, chief executive officer, Flextronics, said in a statement. 'We look forward to leveraging our extensive manufacturing expertise and supply chain solutions to provide Motorola Mobility with increased value.'
Officials said the agreement also includes a manufacturing and services agreement for Android (News - Alert) and other mobile devices.
Both Flextronics and Motorola Mobility will be completing the closing activities by the first half of 2013, subject to customary closing conditions including regulatory approvals.
'The agreement with Flextronics is an important step forward for us in transforming our overall supply chain into a competitive advantage for Motorola Mobility. Flextronics has been our partner for many years, and their expertise and experience in manufacturing will enable us to focus on other areas of the supply chain where we can add the most value,' said Mark Randall, senior vice president, supply-chain and operations for Motorola Mobility LLC.
Flextronics allows customers to design, build, ship and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions combined with core electronics manufacturing and logistics services.
In related TMC (News - Alert) news, Flextronics has acquired Saturn Electronics & Engineering Inc., a supplier of electronics manufacturing services, solenoids and wiring for the automotive, appliance, consumer, energy and industrial markets.



Edited by Braden Becker

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