M&A Deal Summary

SPX Technologies Acquires ULC Robotics

On September 2, 2020, SPX Technologies acquired information technology company ULC Robotics

Acquisition Highlights
  • This is SPX Technologies’ 1st transaction in the Information Technology sector.
  • This is SPX Technologies’ 10th transaction in the United States.
  • This is SPX Technologies’ 1st transaction in New York.

M&A Deal Summary

Date 2020-09-02
Target ULC Robotics
Sector Information Technology
Buyer(s) SPX Technologies
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

SPX Technologies

Charlotte, North Carolina, United States

Category Company
Founded 1912
Sector Machinery
Employees4,300
Revenue 2.0B USD (2024)
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 provider 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 17 of 27
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 21
State: New York M&A 1 of 1
Country: United States M&A 10 of 14
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 SPX Heat Transfer

Tulsa, Oklahoma, United States

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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Sensors & Software

Mississauga, Ontario, Canada

Sensors & Software, Inc. offers a wide range of hardware and software products and services designed to understand what lies beneath the surface and empower informed decision-making. Sensors & Software was founded in 1988 and is based in Mississauga, Ontario.

Buy -