SPX Technologies Completes Acquisition of Kranze Technology Solutions ("KTS")

Core Viewpoint - SPX Technologies, Inc. has completed the acquisition of Kranze Technology Solutions, Inc. (KTS), enhancing its Communication Technologies platform and expected to positively impact adjusted earnings per share in 2025 [1][2]. Group 1: Acquisition Details - The acquisition of KTS, a leader in digital interoperability and tactical networking solutions, is expected to be modestly accretive to SPX's adjusted earnings per share from continuing operations in 2025 [1]. - KTS's technology is highly complementary to SPX's existing offerings in tactical datalinks, communications intelligence, and RF countermeasures, thereby expanding SPX's market position [2]. Group 2: Company Background - SPX Technologies is a supplier of engineered products and technologies, holding leadership positions in HVAC and detection and measurement markets, with over 4,100 employees across 15 countries [3]. - The company is publicly traded on the New York Stock Exchange under the ticker symbol "SPXC" [3]. Group 3: Leadership Statements - Gene Lowe, President and CEO of SPX Technologies, expressed excitement about the acquisition, highlighting the growth opportunities it presents across global markets [2]. - Richard Kranze, co-founder of KTS, emphasized the potential for enhanced value creation for employees, customers, and shareholders through the integration of resources and technology [2].