SPX Technologies Announces Acquisition of Sigma & Omega

Expands HVAC Solutions to Include Vertical Heat Pumps and Self Contained Units; Highly Complementary Products and ChannelsCHARLOTTE, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it has completed the acquisition of Sigma Heating and Cooling and Omega Heat Pump (“Sigma & Omega”). The purchase price of approximately $144 million (CAD 200 million) reflects an acquisition multiple consistent with SPX’s typical range of 8x-1 ...