2024-02-12 00:52:07 ET
Summary
- SPX Technologies has made its 14th acquisition since 2018, acquiring Canadian firm Ingenia Technologies for $300 million.
- Ingenia designs and manufactures custom air handling units for high precision and reliability settings.
- SPX Technologies has seen strong performance and impressive transformation, but the shares are currently more than fully valued.
SPX Technologies ( SPXC ) started 2024 with a bolt-on deal, adding to its string of dealmaking efforts in recent times. M&A efforts have stood at the foundation of a real transformation over the past five years or so, and while topline sales have not grown, the business has become a lot more profitable and future-proof....
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SPX Technologies: Trading At A Premium After A Successful M&A Induced Transformation