Flextronics
FLEX and Motorola Mobility LLC, owned by Google, announced today
that the companies have signed a definitive agreement, under which Flextronics
will acquire Motorola's manufacturing operations in Tianjin, China, and will
also assume the management and operation of its Jaguariuna, Brazil, facility.
Employees and assets at both locations will transfer to Flextronics after the
transaction closes. The agreement also includes a manufacturing and services
agreement for Android and other mobile devices. The companies expect to
complete closing activities by the first half of 2013, subject to customary
closing conditions including regulatory approvals. Financial terms of the
agreement are not being disclosed.
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