SPXC SPX Corporation

SPX Announces Purchase of Sensors & Software Inc.

SPX Announces Purchase of Sensors & Software Inc.

CHARLOTTE, N.C., Nov. 12, 2020 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) today announced that it has completed the acquisition of Sensors & Software Inc. (“Sensors & Software”), based in Mississauga, Ontario. Sensors & Software is a manufacturer and distributor of Ground Penetrating Radar (GPR) products used for locating underground utilities, detecting unexploded ordinance, and geotechnical and geological investigations.

“We are excited about Sensors & Software joining the SPX team,” said Gene Lowe, President and CEO of SPX Corporation. “Sensors & Software is a leader in GPR applications, with a strong brand, technology and user base that make it a highly complementary addition to our Radiodetection business’ industry-leading portfolio of cable and pipe locator and other detection and measurement products. We expect this combination to drive incremental value by leveraging our combined products, technologies, sales networks and channels.”

The company’s results will be reported as a part of SPX’s Radiodetection business unit. After taking into account intercompany sales, Sensors & Software is anticipated to contribute $6-8 million of annual revenue and to be modestly accretive to the margin profile of the Detection & Measurement segment.

About SPX Corporation:  SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in Charlotte, North Carolina, SPX Corporation had approximately $1.5 billion in annual revenue in 2019 and over 4,500 employees in 17 countries. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol “SPXC.”  For more information, please visit .

About Sensors & Software Inc.:  Headquartered in Mississauga, Ontario, Sensors & Software is the worldwide leader of Ground Penetrating Radar innovations. The company offers a wide range of hardware and software products and services designed to understand what lies beneath the surface and empower informed decision-making. For more information, please visit .

SOURCE SPX Corporation.

Investor and Media Contacts:

Paul Clegg, VP, Investor Relations and Communications

Phone:  980-474-3806

E-mail:

EN
12/11/2020

Underlying

SPXCSPX Corporation

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SPX Corporation

 PRESS RELEASE
Free
SPXC SPX CORPORATION

SPX Technologies Completes Acquisition of Crawford United

SPX Technologies Completes Acquisition of Crawford United Expands SPX Technologies’ HVAC Capabilities with Highly Engineered Custom Air-Handling Solutions CHARLOTTE, N.C., Feb. 06, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE: SPXC) (“SPX” or the “Company”) announced today that it has completed its acquisition of Crawford United Corporation (OTC: CRAWA) (“Crawford United”), a Cleveland-based holding company with a broad portfolio of highly engineered air handling and industrial products. Crawford United’s shareholders voted in support of the transaction and, pursuant to the me...

February 6, 2026 1 EN
 PRESS RELEASE
Free
SPXC SPX CORPORATION

SPX Technologies Announces Acquisition of Thermolec

SPX Technologies Announces Acquisition of Thermolec Expands HVAC Segment with Highly Complementary Custom Electric Heating Solutions 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 co...

January 20, 2026 1 EN
 PRESS RELEASE
Free
SPXC SPX CORPORATION

SPX Technologies to Report Fourth Quarter and Full-Year 2025 Financial...

SPX Technologies to Report Fourth Quarter and Full-Year 2025 Financial Results and Present 2026 Financial Guidance CHARLOTTE, N.C., Jan. 16, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2025 after the U.S. financial markets close on Tuesday, February 24, 2026. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss t...

January 16, 2026 1 EN
 PRESS RELEASE
Free
SPXC SPX CORPORATION

SPX Technologies Announces Appointment of Daniel Whitman as Vice Presi...

SPX Technologies Announces Appointment of Daniel Whitman as Vice President, General Counsel & Secretary CHARLOTTE, N.C., Jan. 05, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE: SPXC) (“SPX” or the “Company”) is pleased to announce the appointment of Daniel Whitman as its new Vice President, General Counsel & Secretary, effective January 5, 2026. An accomplished and strategic leader, Mr. Whitman brings a unique perspective to this role. He joins SPX following a 20-year career at Parker Hannifin, including the last 14 years as Vice President, Law, Deputy General Counsel and Assista...

January 5, 2026 1 EN
Free Trial
SPXC SPX CORPORATION

SPX Technologies Inc: 1 director

A director at SPX Technologies Inc sold 12,000 shares at 215.373USD and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...

12/16/25 December 16, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch