SPX Corporation

Rank#2082

Market Cap9.88B

CountryUnited States

Summary

SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Warren G-V, Cues, ULC Robotics, and Sensors & Software brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, Sabik Marine, Sealite, Avlite, and ECS brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

History

SPX Corporation was founded as Studebaker-Packard Corporation in 1929. Initially they produced automotive parts and equipment, however due to increasing demand, they eventually expanded into other industries such as infrastructure, detection and measurement, HVAC and other engineered solutions. The company has seen many acquisitions and divestitures over the decades, which has allowed them to become the diverse and influential business they are today.

Mission

Creating infrastructure solutions for a smarter, more productive future.

Vision

At SPX Corporation, our vision is to become the leader in delivering innovative and sustainable solutions for the industries we serve. We strive to be an outstanding corporate citizen that contributes to the world around us in a meaningful way.

References

https://en.wikipedia.org/wiki/SPX_Corporation

https://in.investing.com/equities/spx-corp

https://finance.yahoo.com/quote/SPXC/profile?p=SPXC

https://www.comparably.com/companies/spx-corporation/mission

https://www.crunchbase.com/organization/spx-corporation

https://sec.report/CIK/0000088205

https://companiesmarketcap.com/

https://www.spx.com

Leadership team

Mr. Eugene Joseph Lowe III (Pres, CEO & Director)

Mr. J. Randall Data (Pres of South Africa & Global Operations)