By Chng Boon Huei, President and CEO of Flexi Versa Group. The last few years of outsourced manufacturing have been punctuated by one disruption after another.
Editor’s note: Offshore manufacturing will remain part of the electronics industry’s strategy even as on- and near-shoring efforts increase. Market proximity matters. The Asia-Pacific region spent $400 billion on consumer electronics alone in 2020.
During the time we’ve been successfully helping startups and brands in the medical device sector we’ve identified a few factors that have allowed us to become partners of real value.
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has acquired a controlling stake in local turnkey and component manufacturer Flexi Versa Group Sdn Bhd (FVG) based on an enterprise value (EV) of approximately RM330 million, marking the government-linked private equity fund’s first foray into the electronic manufacturing services (EMS) industry.
Flexi Versa may not have started life as a traditional EMS company but through acquisition and strategic development they have become a significant and impressive player in outsourced manufacturing in Asia.
By Chng Boon Huei, President and CEO of Flexi Versa Group Thanks to rapid development through the 1960s to 1990s, Hong Kong, Japan, South Korea and Singapore were named as Asian Tigers.
Some see vertical integration as having box-build in the same company as PCBA (printed Circuit Board Assembly), but there’s so much more to it than that.
The rise and fall of China as the ‘factory for the world’ is a complex story with numerous twists and turns.
When a medical device company with a decade of experience in oncology diagnosis approached the team at Flexi Versa Group (FVG) with a new piece of equipment that could detect a new biomarker for cancer, they were excited to help expedite his new product to market.
Flexi Versa Group was held a Blood Donatioon Drive at one of entity in JB named Flexi Acoustics Sdn. Bhd on 8 November 2023.
