SPX Corporation Completes Sealite and Sensors & Software Acquisitions

SPX Corporation completed the acquisition of Sealite on April 19, 2021, and Sensors & Software on November 11, 2020. These acquisitions are noted in the context of non-recurring inventory step-up charges and acquisition-related costs.

“non-recurring charges associated with the step-up of inventory (to fair value) acquired in connection with the Sealite and Sensors & Software acquisitions that were completed on April 19, 2021 and November 11, 2020, respectively”

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