Ad
Ad
Ad
© olgalis dreamstime.com Electronics Production | December 11, 2012

Flextronics takes over Motorola manufacturing plants

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.

“We are very pleased to announce today’s agreement and expand our long-standing collaborative and successful relationship with Motorola Mobility,” said Mike McNamara, chief executive officer, Flextronics.

“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, seniorvice president, supply-chain and operations for Motorola Mobility, LLC.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
September 15 2017 9:25 AM V8.7.1-2