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Announced

Completed

SPX completed the acquisition of Sealite.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Electronic Equipment: Other

Single Bidder

Private

Completed

Australia

Majority

Friendly

marine lanterns

navigation equipment

Acquisition

Cross Border

Synopsis

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SPX, a supplier of highly engineered products and technologies, completed the acquisition of Sealite, which designs and manufactures aids to navigation equipment including for marine and aviation applications. Financial terms were not disclosed. “This acquisition further expands and strengthens SPX’s position in engineered specialty lighting by adding another leading designer and manufacturer of AtoN solutions. We believe that Sealite’s high-value marine and airfield lighting applications and strong position in the Asia Pacific region are an excellent strategic fit with SPX’s existing portfolio of terrestrial and marine obstruction solutions, and strong position in Europe and the Americas,” Gene Lowe, SPX President and CEO.

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