SPX Technologies, Inc. has finalized its acquisition of Crawford United Corporation, with shareholders approving the transaction. The deal includes a cash consideration of approximately $83.86 per share, totaling around $300 million. The addition of Crawford United’s Commercial Air-Handling Equipment segment will enhance SPX’s HVAC portfolio with custom air handling solutions. However, Crawford United’s Industrial & Transportation Products segment is considered non-core and will be sold off. SPX plans to provide guidance on the impact of the acquisition on February 24, 2026, during its Q4 2025 results report.

Read more at GlobeNewswire: SPX Technologies Completes Acquisition of Crawford United