SPX Acquisitions and Exits, 39 Deals Between 1998 and 2018
machinery Company

SPX has acquired 16 companies, including 2 in the last 5 years. It has also divested 23 assets.

SPX’s largest acquisition to date was in 1998, when it acquired General Signal for $2.3B. It’s largest disclosed sale occurred in 2004, when it sold Edwards Systems Technology to General Electric for $1.4B. SPX has acquired in 8 different US states, and 6 countries. The Company’s most targeted sectors include machinery (38%) and manufacturing (19%).

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SPX Corp.

13320-A Ballantyne Corporate Place,
Charlotte, North Carolina 28277
United States,
(980) 474-3700

SPX 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 was formed in 1911 and is based in Charlotte, North Carolina.

M&A Summary

Buy vs Sell

Year ≤ '14 '15 '16 '17 '18 '19 T
Buy (0.4/yr) # 14 - - - 2 - 16
vol $5.5B $189M $5.6B
Sell (0.6/yr) # 20 1 1 - 1 - 23
vol $3.0B $48M $3.1B

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Deal Values

> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest General Signal Corp.
$2.3B (1998-07-21)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View
Largest Edwards Systems Technology, Inc.
$1.4B (2004-11-15)

Machinery M&A - Last 3 Years

When analyzing the machinery sector as a whole, according to Mergr, in the last 3 years, there are 222 machinery companies that have made at least 1 acquisition, 18 have acquired at least 5 companies, and 2 have acquired more than 10 companies.

The most prolific strategic machinery acquirer over the past 3 years is Atlas Copco AB, with 12 acquisitions. The most prolific private equity acquirer in the machinery sector over the past 3 years is Xenon Private Equity with 4 platform acquisitions.

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