Flex strengthens reverse logistics and circular economy services with acquisition of FreeFlow

The company is expanding customer services in multiple markets to create additional revenue streams and accelerate sustainability through second-life products

AUSTIN, Texas, May 31, 2024 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced that it has acquired FreeFlow, a company serving global secondary markets with asset divestment and digital circular economy tracking and reporting capabilities. FreeFlow’s digital B2B commerce platform enables customers to sell surplus and returned inventory while protecting core sales channels. The addition expands Flex services to customers in multiple markets, including data center, enterprise and lifestyle, to create additional revenue streams and accelerate sustainability through second-life products.

FreeFlow’s digital marketplace and offerings strengthen the company’s portfolio of product lifecycle services, spanning design, supply chain, advanced manufacturing, vertical integration, post-production and after-sales capabilities. In after-sales services, the new offering expands existing reverse logistics and circular economy capabilities, including sustainability analytics, repairs, renovations, asset recovery and recycling.

“The acquisition of FreeFlow reaffirms Flex’s commitment to delivering superior value to customers by meeting their evolving business and sustainability needs throughout the product lifecycle, while expanding our reachable market,” he said Michael Hartung, president of Agility Solutions at Flex. “This addition further differentiates our end-to-end services and will enable a wide range of customers, from cloud to lifestyle customers, to enjoy the benefits of second-life products and ultimately meet their environmental obligations.”

Flex plans to expand FreeFlow and the digital circular economy tracking and reporting capabilities to additional industry segments and core regions to help new and existing customers securely access secondary markets and accelerate the adoption of sustainable solutions.

About FreeFlow

For over 20 years, FreeFlow has delivered improved profitability over the product lifecycle through deep circular expertise and a scalable, cloud-based B2B secondary marketplace for asset disposals, enabling customers to sell surplus and returned inventory while protecting their primary channel strategies. The company’s independently hosted digital platform eliminates the need for IT system integration and provides a secure marketplace that gives customers full control over their sales, trading and reporting processes.

The company recently added digital circular economy tracking and reporting capabilities to its portfolio, which enable customers to collect and share product lifecycle information, improve decision-making around product manufacturing, reuse and recycling, and report related carbon impact.

About Flex

Flex (Registration No. 199002645H) is your chosen manufacturing partner that helps our diverse customer base design and build products that improve the world. With the collective power of a global workforce in 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain and manufacturing solutions to a variety of industries and end markets.

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SOURCE Flex