SPX Technologies to acquire Sigma & Omega for $144m.

SPX Technologies, a supplier of engineered products and technologies for HVAC measurement markets, agreed to acquire Sigma & Omega, a manufacturer of highly engineered hydronic heating and cooling equipment, for $144m. “We are excited to welcome the Sigma & Omega team to the SPX Technologies family. This acquisition is highly complementary and creates significant potential synergies with our existing HVAC businesses. Sigma & Omega’s differentiated product offering fits perfectly with our existing portfolio of solutions, enhances the value we provide to our customers, and is consistent with our reputation for quality and innovation. Sigma & Omega’s vertical stack water sourced heat pumps and fan coils, and commercial self-contained units are frequently paired with hydronics equipment and cooling towers, creating numerous opportunities to leverage our existing channels,” Gene Lowe, SPX Technologies President and CEO.