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Struggling Flextronics (FLEX) is acquiring Saturn Electronics & Engineering, a provider of...

Struggling Flextronics (FLEX) is acquiring Saturn Electronics & Engineering, a provider of contract manufacturing services, solenoids, and wiring for a variety of end-markets, for an undisclosed sum. Saturn recently reported annual sales of $300M. The deal could be an effort on Flextronics' part to lower its exposure to soft tech and consumer electronics industries such as PCs, TVs, servers, and networking gear.
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