{"id":1829,"date":"2025-07-22T18:29:34","date_gmt":"2025-07-22T18:29:34","guid":{"rendered":"https:\/\/live-spx-corp.pantheonsite.io\/?p=1829"},"modified":"2025-08-15T16:48:43","modified_gmt":"2025-08-15T16:48:43","slug":"spx-completes-acquisition-of-marine-and-obstruction-lighting-business-of-carmanah","status":"publish","type":"post","link":"https:\/\/spx.com\/fr\/spx-completes-acquisition-of-marine-and-obstruction-lighting-business-of-carmanah\/","title":{"rendered":"SPX Completes Acquisition of Marine and Obstruction Lighting Business of Carmanah"},"content":{"rendered":"<article class=\"node node--nir-news--full node--type-nir-news node--view-mode-full node--promoted\" role=\"article\">\n<div class=\"node__content\">\n<p align=\"left\">CHARLOTTE, N.C.,\u00a0Feb. 01, 2019\u00a0(GLOBE NEWSWIRE) &#8212;\u00a0SPX Corporation\u00a0(NYSE:SPXC) announced today that it has completed the acquisition of the Sabik Marine and obstruction lighting business of\u00a0Carmanah Technologies Corporation.\u00a0 The results of the purchased business will be reported with SPX\u2019s Communication Technologies businesses within its Detection &amp; Measurement segment.\u00a0 The acquisition is expected to be modestly accretive to SPX\u2019s 2019 Adjusted EPS.<\/p>\n<p align=\"justify\">\u201cWe are excited to welcome the Sabik team to SPX,\u201d said\u00a0Gene Lowe, President and CEO of\u00a0SPX Corporation. \u201cThis acquisition expands and strengthens our position in aids-to-navigation specialty lighting solutions.\u00a0 We believe Sabik\u2019s highly-engineered technology and products are an excellent fit with SPX\u2019s portfolio of communication technologies solutions, and will provide significant value creation for our shareholders.\u201d<\/p>\n<p><strong>About\u00a0SPX Corporation<\/strong>:\u00a0\u00a0SPX Corporation\u00a0is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in\u00a0Charlotte, North Carolina,\u00a0SPX Corporation\u00a0is expected to have approximately\u00a0$1.4 billion\u00a0in annual revenue in 2018 and approximately 4,000 employees in 17 countries.\u00a0SPX Corporation\u00a0is listed on the\u00a0New York Stock Exchange\u00a0under the ticker symbol \u201cSPXC.\u201d<\/p>\n<p><strong>About\u00a0Carmanah Technology Corporation:<\/strong>Carmanah\u00a0designs, develops and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Since 1996, the company has earned a global reputation for delivering durable, dependable, efficient and cost-effective solutions for industrial applications that perform in some of the world\u2019s harshest environments. For more information, please visit\u00a0<a href=\"http:\/\/www.carmanah.com\/\">www.carmanah.com<\/a>.<\/p>\n<p>Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these statements in conjunction with the SPX\u2019s documents filed with the\u00a0Securities and Exchange Commission, including the SPX\u2019s annual reports on Form 10-K, and any amendments thereto, and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements, including the risk that SPX may fail to successfully complete or integrate acquisitions. Actual results may differ materially from these statements. The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cproject\u201d and similar expressions identify forward-looking statements. Although SPX believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on SPX\u2019s current complement of businesses, which is subject to change.<\/p>\n<p>Statements in this press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.<\/p>\n<p>SOURCE\u00a0SPX Corporation.<\/p>\n<p><strong>Investor and Media Contacts:\u00a0<\/strong><strong><br \/>\n<\/strong>Mark A. Carano, vice-pr\u00e9sident, directeur financier et tr\u00e9sorier<br \/>\nPhone: 980-474-3806<br \/>\nE-mail:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8creKZcsTOTCp6O3DjMGxAMjc-Y4eVsSZ8NM0q0tgrJ3mkq-D4sUQJ1V9UARFwWq-8EzPxYdEPE-uPrymYUuOGRK4cwt1ML6LCH9qqXEKng=\" target=\"_blank\" rel=\"nofollow noopener\">spx.investor@spx.com<\/a><\/p>\n<p>Pat Uotila, Manager, Investor Relations<br \/>\nPhone: 980-474-3806<br \/>\nE-mail:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8creKZcsTOTCp6O3DjMGxNZCpA7Fs33yAzPfmflwmZE9MnuDS-33Lyw2mwYZIEDQXJrCcAbUgBgO1lcrjrhgn5Hg9Ky4nhcfUFA0CGluZ8k=\" target=\"_blank\" rel=\"nofollow noopener\">spx.investor@spx.com<\/a><\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/bbeab455-1216-4bad-9ee1-ddc95574d16e\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/resource.globenewswire.com\/media\/bbeab455-1216-4bad-9ee1-ddc95574d16e\/small\/spx-logo-horizontal-rgb-2-jpg.jpg\" alt=\"SPX_LOGO_Horizontal_RGB (2).jpg\" width=\"150\" height=\"62\" border=\"0\" \/><\/a><\/p>\n<p>Source: SPX Corporation<\/p>\n<\/div>\n<\/article>","protected":false},"excerpt":{"rendered":"<p>CHARLOTTE, N.C.,\u00a0Feb. 01, 2019\u00a0(GLOBE NEWSWIRE) &#8212;\u00a0SPX Corporation\u00a0(NYSE:SPXC) announced today that it has completed the acquisition of the Sabik Marine and obstruction lighting business of\u00a0Carmanah Technologies Corporation.\u00a0 The results of the purchased business will be reported with SPX\u2019s Communication Technologies businesses within its Detection &amp; Measurement segment.\u00a0 The acquisition is expected to be modestly accretive to [&hellip;]<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[48],"tags":[],"dipi_cpt_category":[],"class_list":["post-1829","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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