secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000088205-24-000002
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX Technologies acquires Ingénia Group for CAD 405M cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000002/0000088205-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000002/spxc-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000088205-24-000002

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