SPX Technologies Completes Acquisition of Thermolec for CA$195 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Should l Buy SPXC?
SPX Technologies announced that it has completed the acquisition of Thermolec for a total cash consideration of CA$ 195 million, or $140M. "We are excited to welcome the Thermolec team to the SPX Technologies family," said Gene Lowe, President and CEO of SPX Technologies. "Thermolec is a natural extension of our Electric Heat strategy. Its custom electric heating solutions are highly complementary to our existing portfolio and strengthen the value we deliver to OEMs, distributors, and contractors across North America. By combining Thermolec's exceptional service, quality, and strong Canadian presence with our established Electric Heat channels in the U.S., we are creating a more complete and capable platform for our customers."
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Analyst Views on SPXC
Wall Street analysts forecast SPXC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPXC is 226.88 USD with a low forecast of 210.00 USD and a high forecast of 244.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 218.020
Low
210.00
Averages
226.88
High
244.00
Current: 218.020
Low
210.00
Averages
226.88
High
244.00
About SPXC
SPX Technologies, Inc. is a diversified, global supplier of engineered products and technologies in the heating, ventilation, and air conditioning (HVAC) and detection and measurement markets. Its segments include HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs and services cooling products and engineered air movement and handling solutions for the HVAC industrial, commercial, data center, and power generation markets, as well as heating and ventilation products for the residential, industrial, and commercial markets. The distribution channels for the segment’s products are direct to customers, independent manufacturing representatives, third-party distributors, and retailers. The Detection and Measurement segment engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, transportation systems, communication technologies, and aids to navigation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Legal Rights Consultation: KSF encourages shareholders who believe the transaction undervalues the company or wish to discuss their legal rights to contact Managing Partner Lewis S. Kahn for free consultations, highlighting the firm's commitment to protecting shareholder interests.
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