SPX Technologies completes CA$ 605 million acquisition of Neptronic - SPXC News | RalliesSPX Technologies completes CA$ 605 million acquisition of Neptronic
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SPXC• SPX Technologies completes Neptronic acquisition
- 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.
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