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Industrial Machinery & Components | Other Industries

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.

Parties

Talk to the deal team

Sandy Rhind

Partner
Toronto, Canada
Oaklins E. Canada

Blair Agnew

Partner
Toronto, Canada
Oaklins E. Canada

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