SPXC - Mergers and acquisitions

CHARLOTTE, N.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX Technologies" or the "Company") announced today that it has completed the acquisition of Thermolec Ltd. ("Thermolec") for a total cash consideration of CA$ 195 million (approximately US$ 140 million). Founded in 1973, Thermolec is a Montréal-based manufacturer of custom electric duct heating and related solutions, offering a differentiated set of products across commercial, multi-family residential, and light industrial applications. With nearly 200 employees, Thermolec generates annual revenues of approximately US$ 35 million. Thermolec will become part of SPX's HVAC segment and operate within it

CHARLOTTE, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX Technologies" or the "Company") announced today that it has completed the acquisition of Sigma Heating and Cooling and Omega Heat Pump ("Sigma & Omega"). The purchase price of approximately $144 million (CAD 200 million) reflects an acquisition multiple consistent with SPX's typical range of 8x-12x Adjusted EBITDA*. Founded in 1997, Sigma & Omega is a Toronto-based manufacturer of highly engineered hydronic heating and cooling equipment, including vertical stack heat pumps and fan coils, institutional heating products, and both air-cooled and water-cooled commercial self-contained units. With appr

Accelerates Growth Strategy of Communications Technologies Platform;Highly Complementary Technology and Growth Markets CHARLOTTE, N.C., Jan. 27, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") announced today that it has completed the acquisition of Kranze Technology Solutions, Inc. ("KTS"), a leader in digital interoperability and tactical networking solutions. KTS is now a part of SPX Technologies' Communication Technologies ("CommTech") platform, within its Detection & Measurement segment. KTS is anticipated to be modestly accretive to adjusted earnings per share from continuing operations in 2025. Management plans to provide 2025 gui

NEW YORK, April 6, 2023 /PRNewswire/ -- A. Buchholtz & Company ("AB&C") is pleased to announce the acquisition of its client, T. A. Morrison & Company ("TAMCO" or the "Company"), by SPX Technologies Inc. (NYSE:SPXC) for approximately US$125 million in cash. Headquartered in Smiths Falls, Ontario, Canada, TAMCO is a market leader in motorized and non-motorized dampers that control airflow in large-scale specialty applications in commercial, industrial, and institutional markets. The Company has operations in Canada and the U.S. and is recognized for its eco-friendly solutions that provide low levels of air leakage in critical thermal applications for data centers and healthcare facilities, am

CHARLOTTE, N.C., April 11, 2022 (GLOBE NEWSWIRE) -- SPX Corporation ("SPX") (NYSE:SPXC) today announced that it has completed the acquisition of International Tower Lighting, LLC ("ITL"), a private company headquartered in La Vergne, Tennessee. ITL is a leader in the design and manufacture of highly-engineered Aids-to-Navigation, or "AtoN" systems, including obstruction lighting for telecommunications towers, wind turbines and numerous other structures. ITL also hosts monitoring and support services for its customers. ITL's results will be reported as part of SPX's AtoN platform within its Detection & Measurement segment. ITL has revenue of approximately $18 million, and is anticipated to

Approximate Annual Revenue of $60-70 million;Attractive Potential for Further Expansion in Engineered Air Quality CHARLOTTE, N.C., Dec. 16, 2021 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) announced today that it has completed the acquisition of Cincinnati Fan & Ventilator Co., Inc. ("Cincinnati Fan"), a leader in engineered air quality solutions, including blowers and critical exhaust systems. Under the terms of the purchase agreement, a subsidiary of SPX merged into Cincinnati Fan for consideration of $145 million in cash, which includes consideration for the estimated value of certain tax assets associated with the acquisition. SPX currently anticipates revenue from Cincinnati Fan

CHARLOTTE, N.C., Aug. 03, 2021 (GLOBE NEWSWIRE) -- SPX Corporation ("SPX") (NYSE:SPXC) today announced that it has completed the acquisition of Enterprise Control Systems Ltd ("ECS"). Headquartered near Northampton, UK, ECS is a leader in the design and manufacture of highly-engineered tactical datalinks and radio frequency (RF) countermeasures, including counter-drone and counter-IED RF jammers. ECS's results will be reported as part of SPX's Communications Technology ("CommTech") platform within its Detection & Measurement segment. SPX anticipates updating 2021 guidance to reflect ECS when reporting Q2 2021 results on August 5th, and currently anticipates that, in the near-term, ECS w

CHARLOTTE, N.C., April 19, 2021 (GLOBE NEWSWIRE) -- SPX Corporation ("SPX") (NYSE:SPXC) today announced that it has completed the acquisition of Sealite Pty Ltd ("Sealite") and affiliated entities, including Avlite Systems and Star2M Pty Ltd. Sealite is a leader in the design and manufacture of marine and aviation Aids to Navigation ("AtoN") products, with headquarters in Somerville, Australia and operations in the United States, Singapore, Colombia and the United Kingdom. Sealite's results will be reported as part of SPX's AtoN platform within its Detection & Measurement segment. SPX anticipates updating 2021 guidance to reflect Sealite when reporting Q1 2021 results on May 6th, and curr