M&A Deal Summary

SPX Technologies Acquires Schonstedt Instrument

On March 1, 2018, SPX Technologies acquired test/measurement equipment company Schonstedt Instrument

Acquisition Highlights
  • This is SPX Technologies’ 3rd transaction in the Test/Measurement Equipment sector.
  • This is SPX Technologies’ 8th transaction in the United States.
  • This is SPX Technologies’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2018-03-01
Target Schonstedt Instrument
Sector Test/Measurement Equipment
Buyer(s) SPX Technologies
Deal Type Add-on Acquisition

Target

Schonstedt Instrument

Kearneysville, West Virginia, United States
Schonstedt Instrument Co. is a provider of solutions for the detection and location of objects and phenomena below the surface of the ground or water, and specializes in instruments to locate iron and steel (ferrous) objects, and pipes and cables (linear underground conductors). Schonstedt Instrument Co. was established in 1953 and is based in Kearneysville, West Virginia.

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Buyer(S) 1

Buyer

SPX Technologies

Charlotte, North Carolina, United States
Category Company
Founded 1912
Sector Machinery
Employees4,100
Revenue 1.7B USD (2023)
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 15 of 24
Sector (Test/Measurement Equipment) 3 of 3
Type (Add-on Acquisition) 9 of 18
State (West Virginia) 1 of 1
Country (United States) 8 of 13
Year (2018) 1 of 2
PREVIOUS 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 -
FOLLOWING 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
Mergr

Product

Company

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