Sevcon, Inc. (Nasdaq: SEV), a global manufacturer of microprocessor based controls for electric and hybrid vehicles, and Flextronics Automotive, a business of Flextronics (Nasdaq: FLEX), a leading global Electronics Manufacturing Services (EMS) provider, today announced that they have entered into a cooperation agreement to provide hybrid and electric vehicle drivetrain systems to automotive OEM customers in Germany and other central European countries. Flextronics Automotive provides fully integrated lighting solutions, connectivity modules and power electronic applications for automotive manufacturers around the world.
The agreement enables the companies to combine Sevcon's state-of-the art motor controllers and onboard systems integration products with Flextronics Automotive's high-voltage DC/DC converter, charger and battery management technology in developing complete drivetrain solutions for hybrid and pure electric vehicles ranging in size from two-wheeled scooters to passenger cars and trucks. The companies also have agreed to jointly pursue product marketing and sales outreach to automotive OEM customers, with Sevcon designated as Tier 1 supplier and Flextronics Automotive as manufacturer for all combined product sales.
"Partnering with Flextronics Automotive will enable us to scale our business to meet growing product demand in Germany and central Europe far more rapidly than we could on our own," said Sevcon President and CEO Matt Boyle. "With the ability to offer end-to-end solutions and draw upon Flextronics' globally admired, high-volume manufacturing capabilities, we look forward to completing larger deals with major automotive OEMs that have the potential to dramatically accelerate our growth."
"Sevcon is a globally proven innovator and leading supplier in this exciting growth segment of the automotive market," said Paul Humphries, business group president of High Reliability Solutions at Flextronics. "Sevcon's advanced motor control technology complements Flextronics Automotive's energy efficient automotive portfolio and by way of this partnership, together we can offer customers a more complete drivetrain solution for the pure electric and hybrid vehicle markets. We look forward to a mutually productive partnership that creates new growth opportunities for both companies."
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer, industrial, infrastructure, medical and mobile OEMs. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. For more information, please visit www.flextronics.com.