SPX Technologies, Inc. (NYSE: SPXC) announced the completion of its acquisition of Neptronic Inc. for CA$605 million, approximately US$430 million, subject to customary closing adjustments. The deal, disclosed in a press release, adds Montreal-based Neptronic's product lines—including intelligent controls, electric duct heaters, humidifiers, actuators, and valves—to SPX's HVAC segment. Neptronic serves mission-critical applications such as data centers, healthcare, and education, and generates annual revenue of about US$75 million with roughly 300 employees.
The acquisition aligns with SPX's strategy to provide intelligent, controls-enabled HVAC solutions. By integrating Neptronic's precision thermal management portfolio, SPX aims to accelerate growth through expanded channel access, broader customer reach, and capital and operational resources to scale the business. SPX expects to provide updated 2026 guidance incorporating the acquisition when it reports second-quarter results on July 30, 2026. The full press release is available at https://ibn.fm/1hbNC.
SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in HVAC and detection and measurement markets. Headquartered in Charlotte, North Carolina, the company operates in 16 countries and is listed on the New York Stock Exchange under the ticker “SPXC.” For more information, visit www.spx.com.
This transaction underscores SPX's commitment to expanding its presence in the growing data center and healthcare infrastructure markets, where demand for efficient and reliable HVAC controls is rising. Neptronic's intelligent controls and actuators are critical for maintaining precise environmental conditions, making the acquisition strategically important for SPX's long-term growth. The deal also highlights the trend of consolidation in the HVAC industry as companies seek to offer integrated solutions.
InvestorWire, a platform specializing in press release syndication, distributed the announcement. InvestorWire is part of the Dynamic Brand Portfolio @IBN, which provides access to a network of wire solutions, editorial syndication to over 5,000 outlets, and social media distribution. For more details, visit https://www.InvestorWire.com. The full terms of use and disclaimers are available at https://www.InvestorWire.com/Disclaimer.
