M&A Deal Summary

SPX Technologies Acquires Sigma

On April 15, 2025, SPX Technologies acquired machinery company Sigma

Acquisition Highlights
  • This is SPX Technologies’ 8th transaction in the Machinery sector.
  • This is SPX Technologies’ 5th transaction in Canada.
  • This is SPX Technologies’ 4th transaction in Ontario.

M&A Deal Summary

Date 2025-04-15
Target Sigma
Sector Machinery
Buyer(s) SPX Technologies
Deal Type Add-on Acquisition

Target

Sigma

Mississauga, Ontario, Canada
Sigma is a manufacturer of highly engineered hydronic heating and cooling equipment, including vertical stack heat pumps and fan coils, institutional heating products, and both air-cooled and water-cooled commercial self-contained units. Sigma was founded in 2017 and is based in Mississauga, Ontario.

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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 27 of 27
Sector: Machinery M&A 8 of 8
Type: Add-on Acquisition M&A Deals 21 of 21
State: Ontario M&A 4 of 4
Country: Canada M&A 5 of 5
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-15 Omega Heat Pump

Mississauga, Ontario, Canada

Omega Heat Pump specializes in providing innovative heating and cooling solutions for residential and commercial applications. Omega Heat Pump was founded in 2007 and is based in Mississauga, Ontario.

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