M&A Deal Summary

SPX Technologies Acquires United Dominion Industries

On March 13, 2001, SPX Technologies acquired manufacturer United Dominion Industries for 1.9B USD

Acquisition Highlights
  • This is SPX Technologies’ 2nd transaction in the Manufacturing sector.
  • This is SPX Technologies’ 2nd largest (disclosed) transaction.
  • This is SPX Technologies’ 5th transaction in the United States.
  • This is SPX Technologies’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2001-03-13
Target United Dominion Industries
Sector Manufacturing
Buyer(s) SPX Technologies
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

United Dominion Industries

Charlotte, North Carolina, United States
United Dominion Industries is a diversified manufacturer of proprietary engineered products.

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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 5 of 27
Sector: Manufacturing M&A 2 of 7
Type: Add-on Acquisition M&A Deals 3 of 21
State: North Carolina M&A 1 of 1
Country: United States M&A 5 of 14
Year: 2001 M&A 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-21 Copes-Vulcan

Lake City,, Pennsylvania, United States

Copes-Vulcan, Inc. is a maker of control valves and turbine bypass systems.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-22 GS Electric

United States

GS Electric designs and manufactures a full line of motors for the floor care, health & fitness, lawn and garden, small home appliance and other markets.

Sell $32M