Bizlink Holding, a Taiwanese manufacturer of cables, connectors, and power distribution systems, has agreed to buy the information and communications technology unit of Blackstone's Interplex for $850 million in cash. The deal includes an additional $50 million earnout and is expected to close in the second half of 2026, CEO Felix Teng said at a briefing in Taipei on Wednesday.
Bizlink is a partner of Nvidia and supplies interconnect solutions for data centres, servers, and AI hardware. The acquisition gives Bizlink access to Interplex Datacom's customer base in networking enclosures, servers, disk drives, wearables, and mobile devices.
The Blackstone arithmetic
Blackstone acquired all of Interplex from Baring Private Equity Asia in 2022 for $1.6 billion. Selling just the ICT unit for $850 million, with a potential $50 million earnout on top, means Blackstone is recovering more than half its original outlay from a single division.
Bloomberg reported in January that Blackstone was exploring a sale of the ICT unit at a valuation above $1 billion. The final price of $850 million represents a discount of roughly 15% from that initial asking range.
Why it matters for AI infrastructure
Interplex Datacom makes custom interconnect and mechanical components for high-performance servers and switches used in data centres. As US cloud providers spend an estimated $650 billion on AI-related infrastructure in 2026, the companies that make the physical connectors, enclosures, and power systems inside those facilities are seeing surging demand.
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Bizlink's existing product range spans drone interconnects, automotive power distribution, and medical imaging systems. Adding Interplex's server and networking components deepens its position in the data centre supply chain at a time when that segment is growing faster than any other.
Bizlink's trajectory
Bizlink reported trailing twelve-month revenue of approximately $2.28 billion and a first-quarter 2026 net income increase of 41% year on year. Its shares have climbed 42% this year, giving it a market capitalisation of roughly $13.3 billion.
The $850 million acquisition is significant relative to Bizlink's size, representing more than a third of its annual revenue. The company has grown through a combination of organic expansion and acquisitions, including a recent deal to buy XFS Communications to expand its optical interconnect business.
What Interplex keeps
Blackstone is selling only the ICT division. The rest of Interplex, now rebranded as Ennovi, focuses on precision components for electric vehicles, autonomous driving, medical and life sciences, and cloud computing.
Ennovi was spun out as a separate mobility electrification brand and continues to serve EV and automotive customers. Blackstone retains that business, which serves a different end market from the server and networking hardware Bizlink is acquiring.
The flags
The $850 million price is below the $1 billion-plus valuation Blackstone initially sought in January. Whether that discount reflects weaker-than-expected interest, a negotiating outcome, or a reassessment of the unit's standalone value is not clear from public reporting.
Bizlink has not disclosed projected revenue or margin contribution from the Interplex ICT unit. The $50 million earnout structure suggests some portion of the deal's value is contingent on future performance targets being met, which implies uncertainty about the unit's near-term trajectory.
An $850 million cash acquisition for a company with $2.28 billion in trailing revenue is a large bet. Bizlink has not disclosed how it will finance the deal, whether through cash reserves, debt, or equity. Integration risk is also a factor: Interplex Datacom operates from Singapore, while Bizlink is headquartered in Taiwan.