SPX Technologies: Trading At A Premium After A Successful M&A Induced Transformation

Feb. 12, 2024 12:52 AM ETSPX Technologies, Inc. (SPXC) Stock1 Comment

Summary

  • SPX Technologies has made its 14th acquisition since 2018, acquiring Canadian firm Ingenia Technologies for $300 million.
  • Ingenia designs and manufactures custom air handling units for high precision and reliability settings.
  • SPX Technologies has seen strong performance and impressive transformation, but the shares are currently more than fully valued.
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Wasan Tita

SPX Technologies (NYSE:SPXC) started 2024 with a bolt-on deal, adding to its string of dealmaking efforts in recent times. M&A efforts have stood at the foundation of a real transformation over the past five years or so, and while topline sales have not

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