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Spx Technologies Announces Agreement To Purchase Aspeq Heating Group

Spx Technologies Announces Agreement To Purchase Aspeq Heating Group

05/01/23, 11:34 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcharlotte
Industry
manufacturing
manufacturing
SPX Technologies (NYSE:SPXC) announced today that it has entered into a definitive agreement to purchase ASPEQ Heating Group (“ASPEQ”), a leader in electrical heating solutions, from Industrial Growth Partners, a San Francisco-based private equity firm. ASPEQ will become a part of SPX Technologies’ HVAC Heating platform, within its electrical heating business, along with Marley Engineered Products (MEP).

Company Info

Company
SPX Corporation
Location
Charlotte, North Carolina, United States
Company info
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 approximately 4,000 employees in 15 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.”

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