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Spx Technologies Announces Acquisition Of Tamco

PUBLIC · SPXCApr 03, 2023

Acquiring Company

SPX Technologies

Acquired Company

TAMCO

CharlotteManufacturingManufacturing

Description

SPX Technologies Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it has acquired privately held TAMCO for approximately CA$170 million (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. TAMCO, which has operations in Canada and the US, is well-known for its eco-friendly solutions, which provide very low levels of air leakage in critical thermal applications, such as data centers and healthcare facilities.

Quick answer

SPX Technologies is acquiring TAMCO, announced April 3, 2023. SPX Technologies is based in Charlotte, North Carolina, United States.

How much did SPX Technologies pay for TAMCO?
The deal value was not disclosed.
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 TAMCO based?
SPX Technologies is based in Charlotte, North Carolina, United States.
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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Company Information

Company

SPX Technologies

Location

6325 Ardrey Kell Road

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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Frequently asked

Who acquired TAMCO?

TAMCO was acquired by SPX Technologies, based in Charlotte. The deal was reported on April 3, 2023. 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 TAMCO?

SPX Technologies's acquisition of TAMCO was reported on April 3, 2023. SPX Technologies Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it has acquired privately held TAMCO for approximately CA$170 million (approximately US$125 million) in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TAMCO do?

T. A. Morrison & Co. Inc., or TAMCO, is an innovative manufacturer of high-end, superior-quality dampers and air control products, serving commercial, industrial, and institutional markets. It is privately held, operating in Manufacturing.

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