SPX Technologies Acquires Ingénia Technologies
February 7, 2024
SPX Technologies announced the acquisition of Ingénia Technologies for approximately CA$405 million (about US$300 million) in cash, adding a Mirabel, Quebec–based designer and manufacturer of custom air handling units to its Cooling platform. Ingénia, expected to generate roughly US$100 million of annualized revenue in 2024, expands SPX's Engineered Air Movement capabilities and is accretive to the company's HVAC segment growth and margin profile.
- Buyers
- SPX Technologies
- Targets
- Ingénia Technologies
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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