BYD to acquire the mobile electronics manufacturing business of Jabil for $2.2bn.

BYD, a Chinese automaker, agreed to acquire the mobile electronics manufacturing business of Jabil, a manufacturing solutions provider, for $2.2bn. “This transformational deal would represent the largest transaction in the history of our company, and I am thrilled to be able to work with a reputable company like BYDE to drive this business successfully forward. If completed, the proceeds from this transaction will enable us to enhance our shareholder-centric capital framework, including incremental share buybacks. Additionally, it will provide opportunities for further investment in electric vehicles, renewable energy, healthcare, AI cloud data centers, and other end-markets,” Kenny Wilson, Jabil CEO.