SPX Technologies, Inc. has recently completed the acquisition of Kranze Technology Solutions, Inc., a company known for its digital interoperability and tactical networking solutions. KTS is now a part of SPX Technologies’ Communication Technologies platform, within its Detection & Measurement segment. The acquisition is expected to have a positive impact on SPX Technologies’ earnings per share in 2025. Management plans to provide more details about the acquisition and its impact on February 25, 2025.
Gene Lowe, President and CEO of SPX Technologies, expressed excitement about the acquisition, stating that it significantly scales the company’s position in Communication Technologies and expands opportunities for growth in global markets. Richard Kranze, co-founder of KTS, also shared his enthusiasm about the acquisition, highlighting the potential for growth and value creation for employees, customers, and shareholders.
Kranze Technology Solutions, founded in 2008, is known for its digital interoperability and tactical networking solutions that enhance situational awareness and interoperability across multiple platforms and domains. SPX Technologies, on the other hand, is a supplier of highly engineered products and technologies with a strong presence in the HVAC and detection and measurement markets.
With over 4,100 employees in 15 countries, SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information about SPX Technologies, visit www.spx.com.
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