Flex to Bring the Intelligence of Things 'Home' with Wink Acquisition

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Nov 16, 2015, 04:01 ET

New Flex Logo.

SAN JOSE, Calif., Nov. 16, 2015 /PRNewswire/ -- Flex (NASDAQ: FLEX), the sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world, has entered into an agreement to acquire Wink, the smart home platform that enables smart products to work together seamlessly, and connect and communicate globally.

Upon completion of the acquisition, Flex will enhance its strategy of driving the Intelligence of Things™, and helping the world Live smarter™. Wink improves the functionality and usefulness of disparate devices in the home by allowing them to communicate with each other, while enhancing usability through a shared common interface in the Wink mobile app.

Flex has been a strategic partner to Wink, serving as their primary supplier of hardware and firmware, including the Wink HUB and Wink Relay, which include core IP developed within Flex. After the acquisition, Wink will remain a separate entity and corporation, with its own management structure for day-to-day activities and operations. Flex will look to leverage Wink's platform and provide current and future Flex customers with improved connectivity in a rapidly expanding open ecosystem.

"We have firmly established Flex as the sketch-to-scale solutions provider driving the Intelligence of Things globally," said Sumir Kapur, senior vice president, Consumer Technology Group at Flex. "With the acquisition of Wink, we will further enable the smart home experience. This will improve our ability to design and build devices with integrated connected intelligence for our customers, while providing optional access to a very powerful, intelligent, brand-agnostic and open cloud-based home automation platform."

"We are very excited and look forward to joining the Flex family," said Nathan Smith, chief technology officer and founder at Wink. "Flex has been a very supportive partner, and the ability to further collaborate and leverage their expertise and scale in this space will help us achieve our mission of making the smart home accessible to everyone."

The acquisition is expected to close this month and is subject to customary closing conditions.

About Flex
Flextronics International Ltd. is a leading sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world. With approximately 200,000 professionals across 30 countries and a promise to help the world Live smarter™, the company provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit www.flextronics.com or follow us on Twitter @Flextronics.

About Wink
Wink is the simpler way to a smarter home. We bring hundreds of smart products from 35 trusted brands together in a single app. With Wink, you can easily monitor and control your home through the Wink app on iOS or Android mobile devices. Our products are available in The Home Depot stores nationwide in the U.S. and Canada, in addition to Amazon.com. They include the Wink HUB, a translator that enables different products to work together and communicate with the Wink app, and Wink Relay, a touchscreen control panel that brings the Wink app to your wall. For more information, visit wink.com.