St. Pete manufacturing giant sells mobility division for $2.2 billion

Jabil says it signed an agreement sell its mobility business to BYD Electronic Ltd. Co. in a cash transaction for $2.2 billion.

Under the agreement, Jabil’s mobility business, which manufactures components for consumer electronics, will transfer to BYD Electronic. That business is mainly located in Chengdu and Wuxi, China, according to a statement. 

St. Petersburg-based Jabil is a multinational manufacturing company that makes parts for major companies. Jabil employs 250,000 persons across 100 locations in 30 countries.