SPX Completes $145M Acquisition of Cincinnati Fan

SPX Corporation completed its acquisition of Cincinnati Fan & Ventilator Co. for $145 million in cash to expand its HVAC global cooling platform in engineered air quality. Cincinnati Fan has approximate annual revenue of $60-70 million.

“Under the terms of the purchase agreement, a subsidiary of SPX merged into Cincinnati Fan for consideration of $145 million in cash, which includes consideration for the estimated value of certain tax assets associated with the acquisition.”

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