SPX Technologies completes $410 million FIS Water acquisition
SPX Technologies ($SPXC) acquired FIS Water for approximately $410 million in cash, including the value of certain tax attributes. The business supplies cooling-water management, filtration and valve products for industrial and commercial applications, including data centers. It will become part of SPX’s HVAC Cooling operations. FIS Water is expected to generate approximately $105 million in 2026 revenue and has around 120 employees. SPX sees opportunities to combine the acquired technology with
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