Announced
Completed
Financials
Tags
Single Bidder
United States
Electronic Equipment: Control and Filter
measurement instruments
Private
Acquisition
Domestic
Private Equity
Majority
Friendly
Completed
Synopsis
SPX Technologies, a supplier of highly engineered infrastructure equipment and technologies, completed the acquisition of ASPEQ Heating Group, an electrical heating solutions provider, from Industrial Growth Partners, a specialist private investment partnership, for $418m. "We are delighted to be joining SPX Technologies’ electrical heating team. Bringing together SPX Technologies’ marketing and channel infrastructure and business system with ASPEQ’s technology, and strong product development and application expertise creates numerous opportunities for employees, customers, and shareholders. I personally look forward to working with the SPX Technologies team to build an even stronger, more valuable platform," Dave Smith, ASPEQ President and CEO.
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