Kohlberg Kravis Roberts to acquire Flextronics Software Systems

Kohlberg Kravis Roberts to acquire Flextronics Software Systems

Flextronics International Ltd has said in a statement that they are selling off their software arm, Flextronics Software to the US-based private equity firm Kohlberg Kravis Roberts (KKR).

The operations of this firm are primarily located in India and the deal is said to be worth around a massive $900 million. This deal would also be KKR’s first investment in India and the second in the Asian region.

They had earlier acquired Avago Technologies, the former semiconductor products group of Agilent Technologies in 2005. The worth of the deal makes it one of the largest ever buyout and technology investment in India to date.

Kohlberg Kravis Roberts would be acquiring 85 per cent of the FSS unit from Flextronics International Ltd, which happens to be the world’s largest producer of electronics for other companies.