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Flextronics Closes Stellar Microelectronics Purchase

SINGAPORE — Flextronics (NASDAQ: FLEX) today announced that it has completed its previously announced acquisition of Stellar Microelectronics. The acquisition extends Flextronics' service offering in advanced custom packaging solutions that utilize the latest microelectronics technologies for the aerospace, defense and medical manufacturing markets and the ability to support customers with unique U.S. manufacturing needs such as AS9100C, ISO 9001:2008 and ISO13485:2003. The completion of this acquisition also increases Flextronics' aerospace, defense and medical customer portfolio.

“We are very pleased to welcome the Stellar Microelectronics team to our organization. Through their hard work and dedication, they have built a highly successful organization with leading solutions across a diverse range of engineering, product development and production services,” said Paul Humphries, group president of Flextronics High Reliability Solutions. “Our organization is now even better able to address the precision-dependent, high-demand needs of the aerospace, defense and medical manufacturing markets, and we look forward to delivering these services with our new team members from Stellar Microelectronics.”

Flextronics was represented by Kirkland & Ellis LLP in the transaction.

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