SPX Technologies, Inc. (NYSE:SPXC) announced the acquisition of Crawford United Corporation for $300 million. The deal merges Crawford United’s Commercial Air-Handling Equipment segment with SPXC’s HVAC capabilities, reporting $22.8 million in operating profit and $81.6 million in sales. SPXC plans to divest Crawford United’s Industrial & Transportation Products segment. SPXC operates in cooling, heating, ventilation, and detection & measurement markets.

CEO Gene Lowe mentioned that the acquisition strengthens SPXC’s ability to deliver solutions to various markets. SPX Technologies (NYSE:SPXC) operates through HVAC and Detection and Measurement segments, selling products through retailers, distributors, and representatives. SPXC reported $2.16 billion in revenue over the last 12 months, with 12.6% revenue growth. The company plans to merge Crawford United’s Commercial Air-Handling Equipment segment with its HVAC segment.

While SPXC shows investment potential, consider AI stocks for greater upside potential with less downside risk. For an undervalued AI stock benefiting from tariffs and onshoring, check out a free report on the best short-term AI stock. SPX Technologies, Inc. operates as a supplier of infrastructure equipment to global markets, focusing on cooling, heating, ventilation, and detection & measurement markets.

Read more at Yahoo Finance: Here’s What Acquisition of Crawford United Means For SPX Technologies (SPXC)