SPX Technologies
SPX Technologies is a Charlotte-based public industrial company (NYSE: SPXC) supplying engineered HVAC infrastructure and Detection & Measurement equipment to commercial, industrial, data center, utility, transit, and defense customers across 16 countries, with FY2025 revenue of approximately $2.3 billion.
- Company typePublic
- Founded1912
- HeadquartersCharlotte, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
SPX Technologies firmographics
Firmographics- Name
- SPX Technologies
- Legal name
- SPX Technologies, Inc.
- Website
- http://www.spx.com
- Company type
- Public
- Founded year
- 1912
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- SPX Technologies is a Charlotte-based public industrial company (NYSE: SPXC) supplying engineered HVAC infrastructure and Detection & Measurement equipment to commercial, industrial, data center, utility, transit, and defense customers across 16 countries, with FY2025 revenue of approximately $2.3 billion.
- Ownership category
- akta.pro rank
SPX Technologies industry classification
Industry- Product category
- Industrial HVAC Equipment
- NAICS
- Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Heating Equipment, Except Electric & Warm Air Furnaces (3433), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
- akta.pro secondary industries
- Air Quality & Filtration Equipment (IAQ) (IMAHAKAI), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB)
Keywords
Where SPX Technologies is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
SPX Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- HVAC Products: SPX Technologies generates the majority of revenue through the sale of highly engineered HVAC products including cooling towers, fluid coolers, air handlers, commercial and industrial boilers, electric heaters, and hydronic heating/cooling systems. Revenue is primarily generated through direct B2B sales to commercial, industrial, healthcare, data center, and residential customers.
- Detection & Measurement Products: Revenue from specialized underground location and inspection equipment, fare collection systems, aids to navigation, and communication technologies products sold to utilities, telecom providers, municipalities, transit authorities, and government agencies.
- Aftermarket Services: Services and aftermarket parts for cooling towers, HVAC equipment, and Detection & Measurement products provide recurring revenue stream through replacement parts and technical services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B enterprise pricing through quotation |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
SPX Technologies product offering
Product offeringCore offering
SPX Technologies manufactures and sells highly engineered infrastructure equipment across two segments. The HVAC segment includes cooling towers, fluid coolers, evaporative condensers, air handlers, boilers, electric heaters, and hydronic heating systems under brands such as Marley, Weil-McLain, Patterson-Kelley, Cincinnati Fan, ASPEQ, and Sigma/Omega. The Detection & Measurement segment provides underground locators, inspection equipment, fare collection systems, aids to navigation, RF communication technologies, and counter-UAS systems under brands including Radiodetection, Genfare, TCI, ECS, and KTS.
Product overview
SPX Technologies is a diversified industrial equipment company offering two primary segments: HVAC (heating, ventilation, and air conditioning) and Detection & Measurement. The HVAC segment provides a comprehensive portfolio including cooling solutions (cooling towers, fluid coolers, adiabatic systems under the Marley, Recold, SGS brands), air movement products (industrial fans, blowers, custom air handlers under Cincinnati Fan, Daniels Fans, Strobic Air, Ingénia), electric heating solutions (ASPEQ Heating Group, Marley Engineered Products, Thermolec), and hydronics (Weil-McLain boilers, Patterson-Kelley, Sigma, Omega heat pumps, Williamson-Thermoflo). The Detection & Measurement segment offers underground location and inspection equipment (Radiodetection, CUES, ULC Technologies), aids to navigation (SPX AtoN with Flash, ITL, Avlite, Sabik, Sealite brands), communication technologies (TCI, ECS, KTS), and transportation fare collection systems (Genfare). The company operates in over 16 countries with approximately 5,300 employees and serves commercial, industrial, healthcare, data center, and residential end markets.
Differentiator
Problem solved
Functional benefit
Brands
- Marley: Cooling towers, fluid coolers, evaporative condensers and air cooled heat exchangers
- Weil-McLain
- Radiodetection
- Genfare
- TCI
- Cincinnati Fan
- Ingénia Technologies
- Patterson-Kelley
- ASPEQ Heating Group
- Williamson-Thermoflo
- Sigma
- Omega Heat Pumps
- Marley Engineered Products
- Recold
- SGS Refrigeration
- Strobic Air
- Daniels Fans
- Tamco
- CUES
- ULC Technologies
- ECS
- KTS
Products and services
- Marley OlympusMAX Fluid Cooler A heat rejection fluid cooler engineered for mission-critical facilities including hyperscale data centers and industrial plants, featuring a patent-pending recirculating adiabatic design that reduces blowdown and water discharge while improving system efficiency.
- Marley OlympusV Adiabatic Cooler Adiabatic cooler that balances water-saving benefits of an air-cooled heat rejection system with energy efficiency of a water-cooled solution for flexible cooling in HVAC and industrial systems.
- SPX Engineered Air Movement Industrial fans, blowers, critical exhaust systems, and dampers for industrial, commercial, and institutional markets under brands including Cincinnati Fan, Strobic Air Technologies, Tamco, and Daniels Fans.
- Ingénia Technologies Air Handling Units High-performance modular and fully custom air handling units for critical environments such as hospitals, laboratories, educational institutions, food processing facilities, and cultural spaces.
- ASPEQ Heating Group Electric Heaters Electric heaters for industrial, commercial, marine, and military markets under brands including Accutherm, Banner Day, BBC, Brasch, Heatrex, Indeeco, Solar Products, and Spectrum.
- Marley Engineered Products Supplemental heating solutions including washdown and explosion-proof heaters for commercial, industrial, and residential spaces, with over 40 years of expertise.
- Thermolec Custom Electric Heating Custom electric duct heating and related solutions serving the HVAC industry, acquired by SPX in early 2026 to strengthen the Electric Heat portfolio and extend presence into Canada.
- Weil-McLain Hydronic Heating Systems Leading North American brand since 1881 offering residential boilers, commercial boilers, heat pump systems, and indirect-fired water heaters for residential, commercial, and institutional buildings.
- Patterson-Kelley Commercial Boilers High-efficiency commercial heating solutions including commercial boilers, water heaters, heat pumps, and control systems with a small footprint design.
- Sigma Hydronic Equipment
Quantifiable outcome
- HVAC segment revenue up 22% year-over-year in Q1 2026
- +4 more outcomes
Companies that use SPX Technologies
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles5 records
SPX Technologies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
SPX Technologies partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core.
- ThermoleccoreSPX completed acquisition of Thermolec for CA$195 million (approximately $140 million USD). Thermolec, a custom electric heating solutions provider, strengthens SPX's Electric Heat portfolio and extends the company's presence into Canada.
- Air EnterprisescorePart of Crawford United acquisition. Air Enterprises is a custom air handling solutions provider being integrated into SPX's HVAC segment.
- Rahn IndustriescorePart of Crawford United acquisition. Rahn Industries is part of the Commercial Air-Handling Equipment segment being integrated into SPX's HVAC portfolio.
- Crawford United CorporationcoreSPX acquired Crawford United for approximately $300 million (~$83.86 per share), adding the Commercial Air-Handling Equipment segment including Air Enterprises and Rahn Industries to SPX's HVAC portfolio. Non-core Industrial & Transportation Products segment to be divested.
- Sigma & OmegacoreSPX acquired Sigma & Omega, a Toronto-based manufacturer of hydronic heating and cooling equipment, for approximately $144 million. The acquisition aims to expand Sigma & Omega's sales in the U.S. through increased production and market efforts.
- Kranze Technology Solutions (KTS)coreSPX acquired KTS for approximately $350 million in Q1 2025 to enhance its Communications Technologies platform with digital interoperability and tactical networking solutions. KTS is expected to generate approximately $90 million in revenue in 2025.
- ASPEQ Heating GroupcoreSPX acquired ASPEQ Heating Group for $418 million in cash, expanding its HVAC heating platform with electric heaters for industrial, commercial, and military markets. ASPEQ has approximately $120 million in annual revenue.
- International Tower Lighting, LLC (ITL)coreSPX acquired ITL, a Tennessee-based company providing high-quality obstruction lighting products and services. ITL's revenues of approximately $18 million are expected to moderately increase segment margins.
- Cincinnati FancoreSPX acquired Cincinnati Fan & Ventilator Co., Inc. from Dominus Capital. Cincinnati Fan is a leading air movement solutions manufacturer for industrial, commercial, and institutional markets.
- Enterprise Control Systems Ltd (ECS)coreSPX acquired UK-based ECS, a designer and manufacturer of communication and RF countermeasure systems including RF jammers. ECS contributes approximately $14 million in annualized revenue and is integrated into SPX's Detection & Measurement segment.
Scale indicators24 records
Recent moves7 records
Expansion highlights6 records
SPX Technologies competitors and assessment
Company assessmentDirect peers
- Greenheck Group: Greenheck is a leading manufacturer of commercial and industrial air movement, ventilation, and architectural products, directly competing with SPX's Cincinnati Fan, Strobic Air, Tamco, and Daniels Fans brands in fans, blowers, and dampers.
- Watts Water Technologies: Watts Water Technologies designs and manufactures water safety, flow control, and HVAC/plumbing products, directly comparable to SPX's hydronics, boiler, and water heating platforms (Patterson-Kelley, Weil-McLain, Sigma).
- AAON: AAON manufactures premium commercial HVAC equipment including air handlers, chillers, and packaged rooftop units, directly competing with SPX's Ingénia, SPX Cooling Tech, and Engineered Air Movement products.
- Vertiv Holdings: Vertiv is a leading data center critical infrastructure provider (power, cooling, IT systems) directly comparable to SPX's data center cooling business, including thermal management for hyperscale facilities—a key growth segment for both companies.
- Lennox International: Lennox International is a direct peer in residential and light commercial HVAC, refrigeration, and heating, with comparable engineered solutions portfolio and similar end-market exposure to SPX's hydronics and air movement segments.
- Comfort Systems USA: Comfort Systems USA is a leading provider of commercial HVAC installation, service, and mechanical contracting solutions serving the same end customers (commercial, industrial, healthcare) as SPX's HVAC segment.
Broad incumbents
- Carrier Global Corporation: Carrier Global is a leading HVAC, refrigeration, and fire/security company (~$20B+ revenue) with direct overlap in commercial HVAC, controls, and refrigeration, competing against SPX's cooling and detection portfolios globally.
- Trane Technologies: Trane Technologies is a global climate solutions leader (~$17B+ revenue) directly competing with SPX in commercial HVAC, chillers, and air handling. SPX's niche focus on cooling towers, hydronic boilers, and electric heating is adjacent to Trane's broader portfolio.
- Roper Technologies: Roper Technologies is a diversified technology company with a portfolio of niche industrial and measurement brands (including test & measurement), with comparable product breadth and acquisition-led growth strategy to SPX's Detection & Measurement segment.
- Fortive Corporation: Fortive is a diversified industrial technology company encompassing professional instrumentation and advanced healthcare solutions, with a similar niche-brand acquisition model and Detection & Measurement adjacencies to SPX.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SPX Technologies social profiles
Digital presenceSPX Technologies compliance and trust
Trust signalCompliance6 records
SPX Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
SPX Technologies leadership team
Management profileNumber of profiles
Profiles1 record
SPX Technologies subsidiaries and ownership
Company hierarchySubsidiaries12 records
SPX Technologies funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SPX Technologies M&A and investment
M&A and investmentM&A22 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SPX Technologies
What does SPX Technologies do?
SPX Technologies manufactures and sells highly engineered infrastructure equipment across two segments. The HVAC segment includes cooling towers, fluid coolers, evaporative condensers, air handlers, boilers, electric heaters, and hydronic heating systems under brands such as Marley, Weil-McLain, Patterson-Kelley, Cincinnati Fan, ASPEQ, and Sigma/Omega. The Detection & Measurement segment provides underground locators, inspection equipment, fare collection systems, aids to navigation, RF communication technologies, and counter-UAS systems under brands including Radiodetection, Genfare, TCI, ECS, and KTS.
Is SPX Technologies a public or private company?
SPX Technologies is a public company. It is classified as public and is currently operating.
When was SPX Technologies founded?
SPX Technologies was founded in 1912. It employs 5,001 to 10,000 people.
Where is SPX Technologies based?
SPX Technologies is headquartered in Charlotte, United States, in the North America region.
How does SPX Technologies make money?
Three revenue lines are on record. HVAC Products are the primary driver. The others are detection & Measurement Products and aftermarket Services.
Who are SPX Technologies's main competitors?
Direct peers on record are Greenheck Group, Watts Water Technologies, AAON, Vertiv Holdings, Lennox International and Comfort Systems USA. Broad incumbents are Carrier Global Corporation, Trane Technologies, Roper Technologies and Fortive Corporation.
Does SPX Technologies have an API?
No public API is recorded for SPX Technologies.
What industry is SPX Technologies in?
SPX Technologies's product category is Industrial HVAC Equipment. Its primary akta.pro industry code is IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling), with a secondary code of IMAHAKAI, Air Quality & Filtration Equipment (IAQ). Its NAICS code is 33341 and its SIC code is 3585.