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

SPX Technologies, Inc. (NYSE:SPXC) is one of the 10 Data Center Cooling Companies to Invest In. On December 8, the company announced that it had entered into a definitive agreement to acquire Crawford United Corporation (OTC:CRAWA), a Cleveland-based holding company. The deal is valued at approximately $300 million. This acquisition is part of SPX Technologies’ expansion plans. As per the agreement, Crawford United will be merged with a subsidiary of SPX. With this acquisition, SPXC will expand its HVAC ca ...