SPX Technologies completes CA$ 605 million acquisition of Neptronic

Reuters2026/07/23 10:45

By:Reuters

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SPX Technologies completed the acquisition of Neptronic for total cash consideration of CA$ 605 million, or about US$ 430 million.
Deal implies an enterprise value-to-EBITDA multiple modestly above the upper end of SPX’s recently transacted 8-12x range.
Neptronic, based in Montreal, designs and manufactures HVAC controls and thermal management products; it has about 300 employees.
The business generates about US$ 75 million in annual revenue; it will be integrated into SPX’s HVAC segment.
SPX plans to update 2026 guidance to reflect the acquisition on July 30, alongside its Q2 2026 results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SPX Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607230645PRIMZONEFULLFEED9766566) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SPX Technologies completes CA$ 605 million acquisition of Neptronic

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