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Jabil’s Mobility business, which manufactures components for consumer electronics, will transfer to BYDE.
September 27, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Jabil Inc. announced the signing of a definitive agreement to divest its Mobility business to BYD Electronic (International) Company Limited (BYDE) in a cash transaction valued at $2.2 billion. The definitive agreement follows a preliminary agreement announced by the two companies on August 27, 2023. Under the agreement, Jabil’s Mobility business, which manufactures components for con-sumer electronics, will transfer to BYDE. The business is mainly located in Chengdu and Wuxi, China. “We a...
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