M&A Deal Summary

Godrej Acquires SPX Heat Transfer

On July 2, 2018, Godrej acquired engineering company SPX Heat Transfer from SPX Technologies

Acquisition Highlights
  • This is Godrej’s 1st transaction in the Engineering sector.
  • This is Godrej’s 2nd transaction in the United States.
  • This is Godrej’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2018-07-02
Target SPX Heat Transfer
Sector Engineering
Buyer(s) Godrej
Sellers(s) SPX Technologies
Deal Type Divestiture

Target

SPX Heat Transfer

Tulsa, Oklahoma, United States
website
SPX Heat Transfer LLC delivers advanced engineering design, highest quality fabrication, and turnkey field services for efficient, reliable, and cost-effective electric utility, cogeneration, geothermal, and solar power generation.

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Buyer(S) 1

Buyer

Godrej

Mumbai, India

website

Category Company
Founded 1897
Sector Consumer Products
Employees10,000
Revenue 121.7B INR (2022)
DESCRIPTION

Godrej is a manufacturer of household care products. Godrej was founded in 1897 and is based in Mumbai, India.

DEAL STATS #
Overall 13 of 13
Sector (Engineering) 1 of 1
Type (Divestiture) 4 of 4
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Strength of Nature Global

Savannah, Georgia, United States

Strength of Nature Global LLC is a provider of quality hair care products to multicultural consumers.

Buy -

Seller(S) 1

SELLER

SPX Technologies

Charlotte, North Carolina, United States

website

Category Company
Founded 1912
Sector Machinery
Employees4,500
Revenue 1.5B USD (2022)
DESCRIPTION
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.

SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 23 of 23
Sector (Engineering) 1 of 1
Type (Divestiture) 23 of 23
State (Oklahoma) 1 of 1
Country (United States) 17 of 17
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 CUES

Orlando, Florida, United States

CUES, Inc. is a manufacturer of pipeline inspection and rehabilitation equipment, headquartered in Orlando, Florida.

Buy $189M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 ULC Robotics

Hauppauge, New York, United States

ULC Robotics develops and deploys robotic systems, unmanned aerial systems, machine learning applications, and inspection technology for the energy, utility, and industrial sectors. ULC Robotics’s customers include gas and electric utilities, developers and owners of offshore wind and renewable power installations, and industrial companies. ULC Robotics was founded in 2001 and has approximately 160 employees and is headquartered in Hauppauge, New York, with a significant presence in the United Kingdom.

Buy -
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