SPX Technologies (SPXC) Completes Acquisition of ASPEQ, Provides Guidance Update
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SPX Technologies Completes Acquisition of ASPEQ
June 5, 2023 7:30 AM EDTIncreasing 2023 Guidance Range for Adjusted EPS* to $3.90-$4.05
Management to Host Call at 4:30 PM ET
CHARLOTTE, N.C., June 05, 2023 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE: SPXC) (the Company, we, or, our) announced that it has completed the acquisition of ASPEQ Heating Group (ASPEQ) including certain tax attributes for $418 million in cash, subject to closing adjustments. ASPEQ, a leading provider of electrical heating solutions to customers in industrial and commercial markets, is now a part of SPX Technologies HVAC Heating platform.
To reflect this transaction the Company... More
