Acquiring Company
SPX Technologies
Acquired Company
Thermolec
Charlotte
MontrealManufacturingManufacturingDescription
SPX Technologies has completed the acquisition of Thermolec for CA$195 million. This move aims to expand SPX's HVAC segment with Thermolec's custom electric heating solutions. The acquisition is expected to strengthen SPX's position in the North American market while enhancing Thermolec’s growth opportunities in the U.S. and Canada.
Quick answer
SPX Technologies is acquiring Thermolec for $144.2 million, announced January 20, 2026. SPX Technologies is based in Charlotte, North Carolina, United States.
- How much did SPX Technologies pay for Thermolec?
- The reported deal value is $144.2 million.
- What does SPX Technologies do?
- SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets.
- Where are SPX Technologies and Thermolec based?
- SPX Technologies is based in Charlotte, North Carolina, United States. Thermolec is based in Montreal, Quebec, Canada.
- Who are the decision-makers at SPX Technologies?
- Fundz holds 1 contact at SPX Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at SPX Technologies, and when
When SPX Technologies changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day SPX Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SPX Technologies, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Thermolec?
Thermolec was acquired by SPX Technologies, based in Charlotte. The deal was reported on January 20, 2026. SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. SPX Technologies is publicly traded (SPXC) and operates in Manufacturing.
When did SPX Technologies acquire Thermolec?
SPX Technologies's acquisition of Thermolec was reported on January 20, 2026. SPX Technologies has completed the acquisition of Thermolec for CA$195 million. This move aims to expand SPX's HVAC segment with Thermolec's custom electric heating solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Thermolec do?
Thermolec, founded in 1973, is a leading manufacturer of custom electric duct heating solutions for the HVAC industry. It is privately held, operating in Manufacturing, and is based in Montreal.
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