Brief: SPX Technologies Announces Agreement To Purchase Aspeq Heating Group

SPX Technologies

01/05/2023 12:33

May 1 (Reuters) - SPX Technologies Inc  SPXC.N :
    * SPX TECHNOLOGIES ANNOUNCES AGREEMENT TO PURCHASE ASPEQ
HEATING
GROUP
    * SPX TECHNOLOGIES INC - PROPOSED DEAL FOR APPROXIMATELY
$418
MILLION IN CASH
    * SPX TECHNOLOGIES INC - INTENDS TO FINANCE ACQUISITION OF
ASPEQ
BY DRAWING ON ITS REVOLVING CREDIT FACILITY AND BORROWING
    * SPX TECHNOLOGIES INC - ASPEQ HAS ANNUAL REVENUE OF ABOUT
$120
MILLION AND IS EXPECTED TO BE ACCRETIVE TO MARGIN OF SPX
TECHNOLOGIES' HVAC SEGMENT

Source text for Eikon:  ID:nGNX9XH93x 
Further company coverage:  SPXC.N 

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