SPX Technologies Announces Acquisition of Sigma & Omega

CHARLOTTE, 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-12x Adjusted EBITDA*. Founded in 1997, Sigma & Omega is a Toronto-based manufacturer of highly engineered hydronic heating ...