OEM / ODM Flex has announced its purchase of the Wink smart home platform.
Quirky’s September Chapter 11 announcement said it would sell "certain assets" of its Wink subsidiary to electronics contract manufacturing giant Flextronics. Today’s announcement makes that official.
Flex (aka Flextronics International Ltd.) said Wink would remain "a separate entity and corporation, with its own management structure for day-to-day activities and operations" after the deal closes later this month.
Flex said the purchase would be used to "improve our ability to design and build devices with integrated connected intelligence for our customers".
Today’s announcement didn’t mention terms of the deal or price. But Quirky’s September announcement named $15M as the price.
