Go to deals
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.

Service
M&A sell-side
Parties

Talk to the deal team

 Sandy  Rhind

Sandy Rhind

Partner
Toronto, Canada
Oaklins E. Canada
 Blair  Agnew

Blair Agnew

Partner
Toronto, Canada
Oaklins E. Canada

Related deals

IMS Group AS has acquired Pocadel Oy
Industrial Machinery & Components

IMS Group AS has acquired Pocadel Oy

The Norwegian IMS Group AS has purchased all shares of the Finnish Sauvo-based Pocadel Oy in a transaction taking place on 29 September 2022.

Learn more
Sandvik has acquired Portugal-based Frezite
Industrial Machinery & Components

Sandvik has acquired Portugal-based Frezite

Walter, a division of Sandvik Manufacturing and Machining Solutions, has acquired Portugal-based Frezite, a family-owned polycrystalline diamond (PCD) tool manufacturer.

Learn more
Inman S.r.l. has been acquired by Marco Giovannini
Industrial Machinery & Components

Inman S.r.l. has been acquired by Marco Giovannini

Pompilio Bettinelli has sold his 50% stake in Inman S.r.l. to Marco Giovannini.

Learn more