Ericsson to divest its power modules business to Flex
· Transaction expected to close in the third quarter of 2017 · A workforce of over 300 people to move from Ericsson to Flex Power, a division within Flex · Divestment in line with Ericsson's previously-announced business strategy of focusing on core portfolio areas Ericsson (NASDAQ:ERIC) has signed an agreement with multinational technology and Sketch-to-Scale(TM) solutions provider, Flex , to divest Ericsson Power Modules (EPM). The divestment is in line with Ericsson's focused business strategy, presented on March 28, to strengthen its core business and