SPX Technologies Completes Acquisition of Kranze Technology Solutions (“KTS”)
SPX Technologies (NYSE:SPXC) has completed the acquisition of Kranze Technology Solutions (KTS), a leader in digital interoperability and tactical networking solutions. KTS will be integrated into SPX's Communication Technologies platform within its Detection & Measurement segment.
The acquisition is expected to be modestly accretive to adjusted earnings per share from continuing operations in 2025. SPX will provide detailed 2025 guidance, including KTS's impact, during its Q4 2024 results announcement on February 25, 2025.
The strategic acquisition enhances SPX's position in Communication Technologies, complementing its existing tactical datalinks, communications intelligence, and RF countermeasure offerings. It also expands SPX's presence in U.S. defense platforms and creates growth opportunities across its global customer base.
SPX Technologies (NYSE:SPXC) ha completato l'acquisizione di Kranze Technology Solutions (KTS), leader nelle soluzioni di interoperabilità digitale e reti tattiche. KTS sarà integrata nella piattaforma di Tecnologie di Comunicazione di SPX all'interno del suo segmento di Rilevamento e Misurazione.
L'acquisizione dovrebbe avere un impatto moderatamente positivo sugli utili per azione rettificati dalle operazioni continuative nel 2025. SPX fornirà linee guida dettagliate per il 2025, compreso l'impatto di KTS, durante l'annuncio dei risultati del Q4 2024 il 25 febbraio 2025.
L'acquisizione strategica rafforza la posizione di SPX nelle Tecnologie di Comunicazione, complementando i suoi datalink tattici esistenti, le informazioni sulla comunicazione e le offerte di misure RF. Espande inoltre la presenza di SPX nelle piattaforme di difesa statunitensi e crea opportunità di crescita nella sua clientela globale.
SPX Technologies (NYSE:SPXC) ha completado la adquisición de Kranze Technology Solutions (KTS), líder en soluciones de interoperabilidad digital y redes tácticas. KTS se integrará en la plataforma de Tecnologías de Comunicación de SPX dentro de su segmento de Detección y Medición.
Se espera que la adquisición contribuya modestamente a los beneficios ajustados por acción de las operaciones continuas en 2025. SPX proporcionará orientación detallada para 2025, incluido el impacto de KTS, durante el anuncio de resultados del Q4 2024 el 25 de febrero de 2025.
La adquisición estratégica refuerza la posición de SPX en Tecnologías de Comunicación, complementando sus enlaces de datos tácticos existentes, la inteligencia de comunicaciones y las ofertas de contramedidas de RF. También amplía la presencia de SPX en plataformas de defensa de EE. UU. y crea oportunidades de crecimiento en su base de clientes global.
SPX Technologies (NYSE:SPXC)가 디지털 상호 운용성 및 전술 네트워킹 솔루션의 선두주자인 Kranze Technology Solutions (KTS)를 인수했습니다. KTS는 SPX의 탐지 및 측정 세그먼트 내 커뮤니케이션 기술 플랫폼에 통합될 것입니다.
이번 인수는 2025년 지속 운영에서 조정된 주당순이익에 미미한 긍정적인 기여를 할 것으로 예상됩니다. SPX는 2025년 KTS의 영향을 포함한 세부 지침을 2024년 4분기 실적 발표에서 2025년 2월 25일에 제공할 예정입니다.
전략적 인수는 SPX의 커뮤니케이션 기술 분야에서의 입지를 강화하며, 기존의 전술 데이터 링크, 통신 정보 및 RF 대응책 제공을 보완합니다. 또한 SPX의 미국 방산 플랫폼에서의 존재감을 확대하고 글로벌 고객 기반에서 성장 기회를 창출합니다.
SPX Technologies (NYSE:SPXC) a finalisé l'acquisition de Kranze Technology Solutions (KTS), un leader dans les solutions d'interopérabilité numérique et de réseaux tactiques. KTS sera intégrée dans la plateforme des Technologies de Communication de SPX au sein de son segment Détection & Mesure.
L'acquisition devrait avoir un impact modérément positif sur le bénéfice par action ajusté des opérations poursuivies en 2025. SPX fournira des indications détaillées pour 2025, y compris l'impact de KTS, lors de l'annonce des résultats du T4 2024 le 25 février 2025.
Cette acquisition stratégique renforce la position de SPX dans les Technologies de Communication, complétant ses liaisons de données tactiques existantes, son renseignement en communication et ses offres de contre-mesures RF. Elle élargit également la présence de SPX sur les plateformes de défense américaines et crée des opportunités de croissance au sein de sa base de clients mondiale.
SPX Technologies (NYSE:SPXC) hat die Übernahme von Kranze Technology Solutions (KTS), einem führenden Anbieter von digitalen Interoperabilitäts- und taktischen Netzwerklösungen, abgeschlossen. KTS wird in die Kommunikations-Technologien-Plattform von SPX innerhalb des Segments Detektion & Messung integriert.
Die Übernahme wird voraussichtlich einen moderaten positiven Einfluss auf die bereinigten Gewinne je Aktie aus fortgeführten Betrieben im Jahr 2025 haben. SPX wird während der Bekanntgabe der Ergebnisse für das vierte Quartal 2024 am 25. Februar 2025 detaillierte Hinweise für 2025, einschließlich der Auswirkungen von KTS, bereitstellen.
Die strategische Übernahme stärkt die Position von SPX im Bereich der Kommunikations-Technologien und ergänzt die bestehenden taktischen Datenverbindungen, die Kommunikationsintelligenz und die RF-Gegenmaßnahmen. Sie erweitert auch die Präsenz von SPX auf US-Verteidigungsplattformen und schafft Wachstumschancen in der globalen Kundenbasis.
- Acquisition expected to be accretive to adjusted EPS in 2025
- Expands presence in U.S. defense platforms
- Strengthens Communication Technologies platform capabilities
- Creates synergies with existing tactical datalinks and RF offerings
- None.
Insights
This strategic acquisition marks a significant expansion of SPX Technologies' capabilities in the rapidly evolving defense communications sector. The integration of KTS's digital interoperability solutions with SPX's existing tactical communications portfolio creates a comprehensive defense communications ecosystem that addresses critical military modernization needs.
The timing of this acquisition is particularly strategic, coinciding with increased global defense spending and the military's growing emphasis on network-centric warfare capabilities. KTS's strong position in U.S. defense platforms provides SPX with enhanced access to high-priority defense programs and recurring revenue streams from long-term contracts.
The transaction offers multiple synergy opportunities: 1) Technology integration between KTS's interoperability solutions and SPX's RF systems, 2) Cross-selling opportunities across their combined customer base and 3) Operational efficiencies in R&D and manufacturing. The modest EPS accretion expected in 2025 suggests careful deal pricing and potential for margin expansion through these synergies.
This acquisition positions SPX more competitively in the tactical communications market, particularly against larger defense contractors. The combined entity's enhanced capabilities in digital interoperability, tactical networking and RF countermeasures create a more compelling value proposition for military customers seeking integrated communications solutions.
Accelerates Growth Strategy of Communications Technologies Platform;
Highly Complementary Technology and Growth Markets
CHARLOTTE, N.C., Jan. 27, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) announced today that it has completed the acquisition of Kranze Technology Solutions, Inc. (“KTS”), a leader in digital interoperability and tactical networking solutions. KTS is now a part of SPX Technologies’ Communication Technologies (“CommTech”) platform, within its Detection & Measurement segment. KTS is anticipated to be modestly accretive to adjusted earnings per share from continuing operations in 2025. Management plans to provide 2025 guidance including the impact of KTS on February 25, 2025, when SPX Technologies reports Q4 2024 results.
“We are excited to welcome the KTS team to the SPX Technologies family,” said Gene Lowe, President and CEO of SPX Technologies. “This transaction significantly scales our position in Communication Technologies and expands our value creation opportunities in highly complementary growth markets across our global customer base. KTS’s advanced digital interoperability technology and strong position in U.S. defense platforms are an excellent fit with SPX’s existing tactical datalinks, communications intelligence, and radio frequency (RF) countermeasure offerings.”
Richard Kranze, co-founder of KTS commented, “We are delighted for KTS to be joining SPX Technologies’ CommTech team. Bringing together SPX’s expertise and resources with KTS’s strong technology and customer relationships creates numerous growth opportunities for employees, customers, and shareholders. I look forward to helping the SPX Technologies team to build an even stronger, more valuable platform.”
About KTS: Founded in 2008, KTS is a leading provider of digital interoperability and tactical networking solutions that drive superior situational awareness, interoperability, and increased survivability across multiple platforms and domains.
About SPX Technologies, Inc: SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has more than 4,100 employees in 15 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.
Non-GAAP Financial Information: This press release refers to adjusted earnings per share from continuing operations (or, adjusted EPS) which is not financial measures as determined in accordance with accounting principles generally accepted in the United States (“GAAP”). This non-GAAP financial measure does not provide investors with an accurate measure of, and should not be used as a substitute for, the comparable financial measure under GAAP. Our non-GAAP financial guidance excludes items, which would be included in our GAAP financial measures, that we do not consider indicative of our on-going performance. These items include, but are not limited to, acquisition costs, costs associated with dispositions, and potential non-cash income or expense items associated with changes in market interest rates and actuarial or other data related to our pension and postretirement plans, as the ultimate aggregate amounts associated with these items are out of our control and/or cannot be reasonably predicted. Accordingly, any reconciliation of our non-GAAP financial guidance to the most comparable GAAP financial measures is not practicable.
Forward Looking Statements: Statements in this press release with respect to the future impact of the acquisition of KTS are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these results in conjunction with the Company’s documents filed with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements, including the following: changes and specific industry events in KTS’s markets; availability, limitations or cost increases of raw materials and/or commodities that cannot be recovered in product pricing; the impact of competition on profit margins and KTS’s ability to maintain or increase market share; inadequate performance by third-party suppliers and subcontractors for outsourced products, components and services and other supply-chain risks; cyber-security risks; risks with respect to the protection of intellectual property; defects or errors in current or planned products; the impact of pandemics and governmental and other actions taken in response; domestic economic, governmental, political and business developments adversely affecting KTS’s Company’s business, including regulatory changes; changes in applicable economic conditions, including as a result of geopolitical conflicts; uncertainties with respect to the successful integration of KTS and achieving cost savings or other benefits from the acquisition; potential labor disputes; and extreme weather conditions and natural and other disasters. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Statements in this press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements, except as required by law.
Investor and Media Contacts:
Paul Clegg, Vice President, Investor Relations and Communications
Phone: 980-474-3806
E-mail: spx.investor@spx.com
Source: SPX Technologies
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