M&A Deal Summary

SPX Technologies Acquires General Signal

On July 21, 1998, SPX Technologies acquired manufacturer General Signal for 2.3B USD

Acquisition Highlights
  • This is SPX Technologies’ 1st transaction in the Manufacturing sector.
  • This is SPX Technologies’ largest (disclosed) transaction.
  • This is SPX Technologies’ 1st transaction in the United States.
  • This is SPX Technologies’ 1st transaction in Connecticut.

M&A Deal Summary

Date 1998-07-21
Target General Signal
Sector Manufacturing
Buyer(s) SPX Technologies
Deal Type Add-on Acquisition
Deal Value 2.3B USD

Target

General Signal

Stamford,, Connecticut, United States
General Signal Corp. is a manufacturer of equipment and instruments for process control, and electrical and industrial technologies.

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Buyer(S) 1

Buyer

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 1 of 24
Sector (Manufacturing) 1 of 7
Type (Add-on Acquisition) 1 of 18
State (Connecticut) 1 of 1
Country (United States) 1 of 13
Year (1998) 1 of 1
Size (of disclosed) 1 of 9
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-25 Harris Corp - TV Antenna Business

United States

Harris Corp - TV Antenna Business is a largest manufacturer of TV and FM broadcast antennas.

Buy -