Mergers & AcquisitionsBy The Online Investor Staff, updated Sun., Sep. 20, 11:15 PM
|This Slide: #67 of 100|
Slide #67. SPX Corporation — ULC Robotics
SPX Corporation (NYSE:SPXC)
SPX Corporation (NYSE:SPXC) announced today that it has acquired ULC Robotics ("ULC"), a leading developer of robotic systems, machine learning applications and inspection technology for the energy, utility and industrial sectors. A pioneer in the field of Robotics-as-a-Service (RaaS), ULC operates a growing, recurring-revenue business called CISBOT which uses robotic solutions designed to rehabilitate and extend the life of natural gas distribution networks for utility customers. ULC also operates a custom Research & Development ("R&D") business that provides cutting edge technology solutions to a growing base of utility and industrial customers.
SPX is a supplier of infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets. Co.'s segments are: HVAC, which engineers, designs, manufactures, installs and services cooling products and heating and ventilation products; Detection and Measurement, which engineers, designs, manufactures and installs underground pipe and cable locators, inspection and rehabilitation equipment, bus fare collection systems, communication technologies, and obstruction lighting; and Engineered Solutions, which engineers, designs, manufactures, installs and services transformers and process cooling equipment.
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Strong Buy (3.67 out of 4)
(ranked higher than approx. 70% of all stocks covered)
Based on Zacks ABR data;
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