Carmanah Technologies has sold the majority of its assets to SPX Corporation
Carmanah Technologies Corporation (Carmanah) has sold the majority of its assets to SPX Corporation. These comprised much of Carmanah’s signals division, including its marine aids-to-navigation, airfield ground lighting and aviation obstruction lighting businesses.
Headquartered in Victoria, Canada, Carmanah designs, develops and distributes a portfolio of products focused on energy-optimized LED solutions for infrastructures.
SPX Corporation is a supplier of highly engineered infrastructure equipment and technologies, holding leadership positions in the HVAC and detection and measurement markets in the US. Based in Charlotte, North Carolina, SPX Corporation has approximately 4,000 employees in 15 countries. The company is listed on the New York Stock Exchange under the ticker symbol “SPXC.”
Oaklins’ team in Canada initiated the transaction and acted as financial advisor to Carmanah.
Talk to the deal team
Related deals
Industrie Polieco - M.P.B. has sold a minority stake to RedFish Longterm Capital
T.P. Holding Srl, the company controlled by the Tonelli family, has sold Industrie Polieco - M.P.B. SpA to RedFish Longterm Capital SpA.
Learn moreEC Electronics has raised new debt facilities
EC Electronics Ltd. has raised funds from Shawbrook Bank to finance the acquisition of Liad Electronics Breda B.V. The debt facilities also include follow-on capital for future acquisitions as EC Electronics continues its search for complimentary electronics manufacturing businesses.
Learn moreLISEGA SE has been acquired by BUHLMANN RFS GmbH & Co. KG
Hardtke Stiftung has sold LISEGA SE to BUHLMANN RFS GmbH & Co. KG.
Learn more