SPX Technologies (NYSE: SPXC) announced it completed the acquisition of Neptronic Inc. for CA$605 million, or approximately US$430 million, subject to customary closing adjustments. Montreal-based Neptronic designs and manufactures intelligent controls, electric duct heaters, humidifiers, actuators and valves for mission-critical applications including data centers, health care and education. The company has approximately 300 employees and generates annual revenue of about US$75 million.
Neptronic will join the SPX Technologies HVAC segment, expanding its precision thermal management portfolio and advancing its strategy to provide intelligent, controls-enabled HVAC solutions. SPX plans to accelerate Neptronic growth by expanding channel access and customer reach and providing capital and operational resources to scale the business. SPX expects to provide updated 2026 guidance incorporating the acquisition when it reports second-quarter results July 30, 2026.
To view the full press release, visit https://ibn.fm/1hbNC
About SPX Technologies, Inc.
SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX has operations in 16 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.”
For more information, please visit www.spx.com
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