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SPX Technologies, Inc. reports recurring developments across its engineered HVAC products and detection and measurement technologies businesses. Company news commonly covers quarterly and annual results, segment performance, production-capacity investments, customer demand for data center cooling solutions, and the contribution of heating and cooling product volumes to operating results.
Updates also include product launches such as the Marley OlympusMAX Fluid Cooler, additions to the HVAC portfolio through completed acquisitions, and corporate governance changes. The company’s disclosures emphasize cooling towers, dry and adiabatic coolers, custom electric heating, custom air-handling equipment, communication technologies, transportation systems, and related industrial markets.
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SPX Technologies (NYSE:SPXC) has announced it will release its financial results for Q1 2023 after U.S. markets close on May 4, 2023. The company’s President and CEO, Gene Lowe, along with CFO Mark Carano, will discuss the results and business outlook during a conference call at 4:45 PM Eastern Time the same day. Interested parties can access the call via a live webcast on SPX’s Investor Relations page. SPX Technologies is a leader in HVAC and detection and measurement markets, based in Charlotte, North Carolina, with around 3,100 employees across 15 countries.
SPX Technologies Inc. (NYSE:SPXC) has acquired T. A. Morrison & Company (TAMCO) for approximately US$125 million in cash, enhancing its HVAC segment. TAMCO, based in Smiths Falls, Ontario, offers market-leading dampers that regulate airflow in various sectors including data centers and healthcare. This acquisition is expected to strengthen SPX's position in the Engineered Air Movement sector. Gene Lowe, President and CEO of SPX Technologies, expressed enthusiasm about the fit and growth potential of TAMCO's products within their business. The acquisition was facilitated by A. Buchholtz & Company, which took approximately six months to finalize. TAMCO anticipates building a stronger platform together with SPX Technologies.
SPX Technologies Inc. (NYSE: SPXC) has acquired TAMCO, a leader in motorized dampers, for approximately CA$170 million (or US$125 million) in cash. Based in Smiths Falls, Ontario, TAMCO specializes in eco-friendly airflow control solutions for commercial and industrial sectors, generating over US$50 million in annual revenue. This acquisition strengthens SPX’s position in the HVAC sector by enhancing its Engineered Air Movement capabilities, potentially leading to higher margins and growth. SPX has made 12 acquisitions since 2018, supporting its strategy to develop market-leading platforms and expand into adjacent markets.