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SPX Technologies Agrees to Acquire Kranze Technology Solutions for $350 Million

Dec 23, 2024•over 1 year ago

Contract Type

agreement

CharlotteManufacturing

Description

SPX Technologies has announced an agreement to purchase Kranze Technology Solutions, a leader in digital interoperability and tactical networking solutions. This acquisition further strengthens and scales SPX Technologies’ Communication Technologies platform, with Kranze Technology Solutions expected to generate around $90 million in revenue for the full year 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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Based on industry data
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.