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Announced

OSM Group to acquire Flexworks.

Synopsis

OSM Group, a provider of product development, scalable mass production and supply chain management solutions, agreed to acquire Flexworks, a ODM developer and manufacturer of electronic products. Financial terms were not disclosed. "We are passionate about creating customer value. This acquisition allows us to do this while it also creates something truly unique in our industry. Our ability to respond to the future product market trends has also been greatly accelerated by combining the capabilities of OSM and Flexworks, the positive response from our customers confirms that we have moved in the right strategic direction," Patrik Agren, OSM Group CEO.

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