Majority stake Closed Jan 2026
SPX Technologies completes acquisition of Thermolec for $195M CAD
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Summary
SPX Technologies has completed the acquisition of Montréal-based Thermolec Ltd. for a total cash consideration of CDN $195 million (approx. US $140 million). The deal integrates Thermolec into SPX's HVAC segment to expand its electric heat portfolio in North America.