SPX Technologies Acquires Neptronic Inc
July 24, 2026
SPX Technologies, Inc. completed its acquisition of Neptronic Inc. for total cash consideration of CA$605 million (approximately US$430 million), subject to customary closing adjustments. Neptronic, based in Montreal, designs and manufactures engineered HVAC solutions, and will become part of SPX’s HVAC segment to expand precision thermal management and controls-enabled offerings.
- Buyers
- SPX Technologies, Inc.
- Targets
- Neptronic Inc.
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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