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.
Contacter l'équipe de la transaction
Transactions connexes
Tecnosafra has been acquired by Tranorte
Tecnosafra Sistemas Mecanizados Ltda. has been acquired by Tranorte reinforcing their commitment to delivering agricultural equipment and high-quality service to producers across their regions. The integration expands geographic coverage, strengthens after-sales capabilities and enhances access to agriculture technologies, parts availability and field support teams.
En apprendre plusIndestructible Paint has been acquired by Seaforth Holdings
The specialist coatings business Indestructible Paint Limited has been acquired by Seaforth Holdings Limited. Its existing management team will remain with the business following the transaction.
En apprendre plusGCT GmbH has been acquired by CTC India and JoReiCo GmbH
GCT GmbH has been acquired by CTC India Pvt. Ltd. and JoReiCo GmbH from Extramet AG, gaining access to a broader network of expertise, enhanced resources and a global sales network. With its extensive experience in diamond coating and its broad client base in the printed circuit board (PCB) tool market, GCT brought new momentum and specialist knowledge to its buyers.
En apprendre plus