SPX Technologies Announces Acquisition of Thermolec
SPX Corporation (SPXC)
Last spx corporation earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
spx.com/en/investor-relations/our-company
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Source: GlobeNewswire
CHARLOTTE, N.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it has completed the acquisition of Thermolec Ltd. (“Thermolec”) for a total cash consideration of CA$ 195 million (approximately US$ 140 million). Founded in 1973, Thermolec is a Montréal-based manufacturer of custom electric duct heating and related solutions, offering a differentiated set of products across commercial, multi-family residential, and light industrial applications. With nearly 200 employees, Thermolec generates annual revenues of approximately US$ 35 million. Thermolec will become part of SPX’s HVAC segment and operate within its Electric Heat business with Marley Engineered Products (MEP) and ASPEQ. A substantial majority of Thermolec’s sales are generated in Canada. SPX Technologies plans to expand Thermolec’s U.S. sales while leveraging Thermolec’s strong Canadian customer relationships to expand MEP’s sales in Canada.
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- SPX Technologies Announces Appointment of Daniel Whitman as Vice President, General Counsel & SecretaryGlobeNewswire
SPXC
Earnings
- 10/30/25 - Beat
SPXC
Sec Filings
- 12/19/25 - Form 4
- 12/15/25 - Form 4
- 12/11/25 - Form 144
- SPXC's page on the SEC website