{"id":1003766,"date":"2026-09-15T17:49:21","date_gmt":"2026-09-15T21:49:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spx-technologies-announces-acquisition-of-fis-water\/"},"modified":"2026-09-15T17:49:21","modified_gmt":"2026-09-15T21:49:21","slug":"spx-technologies-announces-acquisition-of-fis-water","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spx-technologies-announces-acquisition-of-fis-water\/","title":{"rendered":"SPX Technologies Announces Acquisition of FIS Water"},"content":{"rendered":"

\nExpands Cooling Platform with Complementary Water Management and Control Solutions
\n<\/h2>\n
\n

CHARLOTTE, N.C., Sept. 15, 2026 (GLOBE NEWSWIRE) — SPX Technologies, Inc. (NYSE: SPXC) (\u201cSPX Technologies\u201d or the \u201cCompany\u201d) announced today that it has completed the acquisition of FIS Water, LLC (\u201cFIS Water\u201d) including certain tax attributes for a total cash consideration of approximately $410 million.<\/p>\n

Formed in 2018, FIS Water comprises a portfolio of well-established brands providing highly engineered water management and control solutions used primarily in commercial and industrial cooling applications. Its products help protect and optimize cooling systems by removing solids, maintaining water quality and controlling water flow. Through its LAKOS, Puroflux, Superior, VAF and VSI brands, the business serves many of the same customers and channels as SPX\u2019s existing Cooling platform, including applications in data centers and other demanding commercial and industrial environments.<\/p>\n

FIS Water has joined SPX Technologies\u2019 HVAC segment and will operate within the Cooling platform. Its water management products are highly complementary to SPX\u2019s cooling-tower offerings, with significant overlap across customers, engineering specifications and sales channels. The company\u2019s valve and actuator portfolio also complements SPX\u2019s recently acquired Neptronic business and expands SPX\u2019s capabilities in HVAC control solutions.<\/p>\n

SPX plans to support FIS Water\u2019s growth through its global channels, OEM relationships, specification-driven sales capabilities and operating resources. Headquartered in Fresno, California, FIS Water has approximately 120 employees and is expected to generate revenue of approximately $105 million in 2026. SPX management will provide updated 2026 guidance, including the impact of FIS Water, when it reports its financial results for the third quarter of 2026.<\/p>\n

\u201cWe are pleased to welcome FIS Water to SPX Technologies,\u201d said Gene Lowe, President and CEO of SPX Technologies. \u201cFIS Water is a natural extension of our Cooling platform. Its products are used in cooling systems to improve water quality, protect critical equipment and enhance system reliability, efficiency and asset life. The business also has significant customer and channel overlap with our existing Cooling operations. In addition, FIS Water\u2019s valve and actuator portfolio complements Neptronic and expands our capabilities in HVAC control solutions. We see attractive opportunities to accelerate growth across the portfolio through SPX\u2019s global channels, OEM relationships and specification-driven sales capabilities.\u201d<\/p>\n

\u201cWe are delighted to join SPX Technologies\u2019 Cooling business,\u201d said Scott Thomas, President of FIS Water. \u201cSPX shares our commitment to product quality, application expertise and strong channel partnerships. Its established presence in cooling markets, global reach, OEM relationships and operating resources will help us accelerate growth while preserving the brands, customer relationships and entrepreneurial culture that have made FIS Water successful.\u201d<\/p>\n

\n About\u00a0SPX Technologies, Inc.\u00a0<\/strong>\n <\/p>\n

SPX Technologies\u00a0is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in\u00a0Charlotte, North Carolina, SPX has operations in 16 countries.\u00a0SPX Technologies\u00a0is listed on the\u00a0New York Stock Exchange\u00a0under the ticker symbol \u201cSPXC.\u201d For more information, please visit\u00a0www.spx.com<\/a>.<\/p>\n

\n About\u00a0FIS Water<\/strong>\n <\/p>\n

FIS Water is a leading provider of highly engineered water management and control solutions used in commercial and industrial cooling applications and selected water source and distribution applications. Through its LAKOS, Puroflux, Superior, VAF and VSI brands, FIS Water provides products that help protect critical equipment, improve water quality and enhance system performance.<\/p>\n

\n Forward Looking Statements:\u00a0<\/strong>\n <\/p>\n

Statements in this press release that express a belief, expectation, or intention, as well as those that are not historical fact, including plans to expand FIS Water\u2019s\u00a0sales, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. The words \u201cintends,\u201d \u201cplans,\u201d \u201cwill,\u201d \u201cbelieve,\u201d \u201cexpected,\u201d \u201canticipated,\u201d and similar expressions identify forward-looking statements. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These forward-looking statements involve a number of risks and uncertainties that may cause actual events and results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to: risks that the acquisition disrupts current plans and operations of\u00a0SPX Technologies\u00a0or\u00a0FIS Water; the risk that the disruption from the transaction may make it more difficult to maintain business and operational relationships, including retaining and hiring key personnel and maintaining relationships with FIS Water\u2019s vendors and others with whom\u00a0FIS Water\u00a0does business; and risks and uncertainties with respect to SPX Technologies\u2019 ability to recognize the anticipated benefits of the transaction, including expanding FIS Water\u2019s sales. SPX Technologies\u2019 filings with the Securities and Exchange Commission, including its most recent Form 10-K and Form 10-Q, describe other risks and uncertainties.<\/p>\n

Statements in this press release speak only as of the date of this press release, and\u00a0SPX Technologies\u00a0disclaims any responsibility to update or revise such statements, except as required by law.<\/p>\n

\n SPX Investor Contact:<\/strong>\n <\/p>\n

Johann Rawlinson, Vice President, Investor Relations
Phone: 980.228.6028
Email:\u00a0spx.investor@spx.com<\/a><\/p>\n

Source:\u00a0SPX Technologies<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Expands Cooling Platform with Complementary Water Management and Control Solutions CHARLOTTE, N.C., Sept. 15, 2026 (GLOBE NEWSWIRE) — SPX Technologies, Inc. (NYSE: SPXC) (\u201cSPX Technologies\u201d or the \u201cCompany\u201d) announced today that it has completed the acquisition of FIS Water, LLC (\u201cFIS Water\u201d) including certain tax attributes for a total cash consideration of approximately $410 million. Formed in 2018, FIS Water comprises a portfolio of well-established brands providing highly engineered water management and control solutions used primarily in commercial and industrial cooling applications. Its products help protect and optimize cooling systems by removing solids, maintaining water quality and controlling water flow. Through its LAKOS, Puroflux, Superior, VAF and VSI brands, the business serves many of the same customers and channels as … <\/p>\n

Continue reading “SPX Technologies Announces Acquisition of FIS Water”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1003766","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSPX Technologies Announces Acquisition of FIS Water - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spx-technologies-announces-acquisition-of-fis-water\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPX Technologies Announces Acquisition of FIS Water - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Expands Cooling Platform with Complementary Water Management and Control Solutions CHARLOTTE, N.C., Sept. 15, 2026 (GLOBE NEWSWIRE) — SPX Technologies, Inc. (NYSE: SPXC) (\u201cSPX Technologies\u201d or the \u201cCompany\u201d) announced today that it has completed the acquisition of FIS Water, LLC (\u201cFIS Water\u201d) including certain tax attributes for a total cash consideration of approximately $410 million. Formed in 2018, FIS Water comprises a portfolio of well-established brands providing highly engineered water management and control solutions used primarily in commercial and industrial cooling applications. Its products help protect and optimize cooling systems by removing solids, maintaining water quality and controlling water flow. 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