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SPX Technologies acquires Sigma & Omega for $144M

Apr 15, 2025•4 months ago

Acquiring Company

SPX Technologies

Acquired Company

Sigma Heating and Cooling

CharlotteTorontoMississaugaManufacturingManufacturingManufacturing

Description

SPX Technologies has completed the acquisition of Sigma & Omega for approximately $144 million. This acquisition aims to enhance SPX's HVAC business by integrating Sigma & Omega's innovative product offerings. SPX plans to increase sales to U.S. customers and leverage Sigma & Omega's technology for growth. Management will update guidance to reflect this acquisition on May 1, 2025.

Company Information

Company

SPX Technologies

Location

Charlotte, North Carolina, United States

About

SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has more than 3,300 employees in 15 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed