---
schema_version: "secwatch.filing_event.v1"
accession: "0000088205-24-000002"
form_type: "8-K"
ticker: "SPXC"
cik: "0000088205"
company_name: "SPX Technologies, Inc."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:12:13.361304+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SPX Technologies acquires Ingénia Group for CAD 405M cash

## Summary
- SPX Technologies subsidiary acquired all shares of Target Corporations (Ingénia Group) for approx CAD 405M in cash.
- Acquisition closed Feb 7, 2024; subject to customary adjustments for working capital, debt, and transaction expenses.
- CAD 2.46M of purchase price deposited into escrow for potential downward adjustments and indemnification.
- Purchaser obtained representation and warranty insurance policy to limit indemnification obligations.

## SEC filing metadata
- accession: 0000088205-24-000002
- form_type: 8-K
- ticker: SPXC
- cik: 0000088205
- company_name: SPX Technologies, Inc.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88205/000008820524000002/0000088205-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88205/000008820524000002/spxc-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088205-24-000002
- JSON: https://secwatch.observer/filing/0000088205-24-000002.json
- Plain text: https://secwatch.observer/filing/0000088205-24-000002.txt

## Key facts
- Material Agreements
  SPX Technologies, Inc. entered into Share Purchase Agreement with 15737338 Canada Inc., Giuseppe Racanelli Family Trust, Lise Daigle Family Trust valued at approximately $(Cdn.)405 million in cash (effective 2024-02-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: 15737338 Canada Inc., Giuseppe Racanelli Family Trust, Lise Daigle Family Trust
  - Value: approximately $(Cdn.)405 million in cash
  - Effective: 2024-02-07
  source text: the Purchaser purchased from the Vendors all of the issued and outstanding shares of the Target Corporations (which are the ultimate parent entities of 382 and the Operating Companies and together with 382 and the Operating Companies are referred to as the “Ingénia Group”) for aggregate consideration of approximately $(Cdn.)405 million in cash
  evidence_url: https://www.sec.gov/Archives/edgar/data/88205/000008820524000002/0000088205-24-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.