India, May 19 -- Manufacturing solutions company Sanmina Corp. (SANM) announced Monday it has agreed to acquire the data center infrastructure manufacturing business of ZT Systems, a leading provider of Cloud and AI infrastructure to the world's largest hyperscalers, from AMD Corp. (AMD) for $3 billion.
The consideration includes $2.25 in cash for assets at target net asset value, $300 million premium consisting of 50% cash / 50% equity and a $450 million contingent consideration based on financial performance of the business over the next three years.
Sanmina said the acquisition establishes its position as an industry-leading, vertically integrated global manufacturing solutions provider that can now also accelerate its customers' at sc...