Here’s What Acquisition of Crawford United Means For SPX Technologies (SPXC)

Group 1: Acquisition Details - SPX Technologies, Inc. announced a definitive agreement to acquire Crawford United Corporation for approximately $300 million, which is part of its expansion plans [1] - The acquisition will merge Crawford United's Commercial Air-Handling Equipment segment with SPX's HVAC segment, enhancing SPX's HVAC capabilities [1][3] - SPX intends to divest the Industrial & Transportation Products segment of Crawford United as it does not align with the company's long-term strategy [3] Group 2: Financial Performance - The Commercial Air-Handling Equipment segment of Crawford United reported $22.8 million in operating profit and $81.6 million in sales over the past 12 months ending September 30, 2025 [2] - SPX Technologies reported total revenue of $2.16 billion over the last 12 months, with a solid revenue growth of 12.6% [2] Group 3: Strategic Fit and Market Position - The acquisition is expected to strengthen SPX's ability to deliver end-to-end solutions to customers in various sectors, including healthcare, universities, and advanced manufacturing [4] - SPX Technologies operates as a supplier of infrastructure equipment, primarily serving the cooling, heating, ventilation, and detection & measurement markets [4]