SPX, also known as SPX Technologies, is a publicly owned company headquartered in the US. Founded in 1912, it operates with approximately 1,910 employees. The company specializes in industrial machinery manufacturing, supplying engineered heating, ventilation, and air conditioning (HVAC) products, alongside detection and measurement technologies and power equipment.
SPX Technologies completed its acquisition of Crawford United Corporation, a Cleveland-based holding company with a portfolio of highly engineered air handling and industrial products, on February 5, 2026. This follows the February 1, 2026, announcement that J. Randall Data, President of Global Operations and Data Center Solutions, informed SPX Technologies of his decision to retire effective March 20, 2026. Earlier, on January 19, 2026, SPX Technologies completed the acquisition of Thermolec Ltd. for a total cash consideration of CA$195 million, approximately US$140 million. The company previously announced on January 16, 2026, that it would release its financial results for the fourth quarter and full-year 2025 and present its 2026 financial guidance on February 24, 2026, after U.S. financial markets close.
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