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M&A Deal Summary

Paharpur Cooling Towers Acquires SPX Corp - Dry Cooling Business

On December 14, 2015, Paharpur Cooling Towers acquired machinery company SPX Corp - Dry Cooling Business from SPX Technologies for 48M USD

Acquisition Highlights
  • This is Paharpur Cooling Towers’ 1st transaction in the Machinery sector.
  • This is Paharpur Cooling Towers’ largest (disclosed) transaction.
  • This is Paharpur Cooling Towers’ 1st transaction in Belgium.

M&A Deal Summary
Date 2015-12-14
Target SPX Corp - Dry Cooling Business
Sector Machinery
Buyer(s) Paharpur Cooling Towers
Sellers(s) SPX Technologies
Deal Type Divestiture
Deal Value 48M USD

Target

SPX Corp - Dry Cooling Business

Belgium
The Dry Cooling business, which is headquartered in Brussels with facilities in China comprises dry cooling equipment manufacturing business. The asset is located in Belgium.

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Buyer(S) 1

Buyer

Paharpur Cooling Towers

Kolkata, India
Category Company
Founded 1949
Sector Machinery
DESCRIPTION

Paharpur Cooling Towers Ltd. is a cooling solution provider in India with global operations. The Company's business interests include cooling towers, air cooled heat exchangers, air cooled condensers and flexible packaging. The Company has five manufacturing facilities in India serving the global markets.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Belgium M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 21 of 23
Sector: Machinery M&A 5 of 6
Type: Divestiture M&A Deals 21 of 23
Country: Belgium M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-21 PCX Aerostructures

Newington, Connecticut, United States

PCX Aerostructures is a manufacturer of flight-critical and other essential components for rotorcraft and fixed-wing aerospace platforms serving military and commercial markets. PCX Aerostructures is based in Newington, Connecticut.

Sell $62M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-23 Balcke-Dürr

Dusseldorf, Germany

Balcke-Dürr designs, develops, manufactures, and supplies power plant heat exchangers and industrial filter systems. With more than 130 years of experience, the company offers groundbreaking solutions and services from standard modules to complete thermal systems. Balcke-Dürr was founded in 1883 and is based in Dusseldorf, Germany.

Sell -
Mergr

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