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
He-Man Dual Controls has been acquired by Lagercrantz UK Limited
Lagercrantz UK Limited has acquired 100% of the shares in HM Holding Limited (He-Man Dual Controls), a leader in supplemental control systems for vehicles.
Learn moreIRT Technologies has been acquired by ETL Systems
IRT Technologies has been successfully acquired by ETL Systems, unlocking exciting opportunities for innovation and growth. This acquisition strengthens ETL’s satellite communications portfolio and expands its global presence, while allowing IRT Technologies to leverage ETL’s industry expertise and reach.
Learn moreSunlight Group has acquired a 51% stake in Lehmann Marine GmbH
Through its acquisition of a 51% stake in Lehmann Marine GmbH, Sunlight Group continues to strengthen its position in the growing energy solutions market, while expanding its portfolio of innovative technologies. With over 30 years of expertise in producing lead-acid and lithium-ion batteries, Sunlight Group has established itself as a leader in advanced battery technology.
Learn more