We are pleased to inform you that SPX Technologies, Inc. has announced its acquisition of ASPEQ Heating Group (“ASPEQ”). ASPEQ will become a part of SPX Technologies’ HVAC Heating platform, within its electrical heating business, along with Marley Engineered Products (MEP). The process of integrating ASPEQ into SPX begins today, and we are very excited about the opportunities this transaction represents for our customers and partners as we create the industry leader in commercial and industrial electric heating.
A winning combination
The combination of ASPEQ and Marley Engineered Products within SPX creates multiple opportunities to enhance new product innovation, provides access to relevant products and creates efficiencies for customers by sharing complementary resources. Clear product and geographic synergies and expanded engineering development expertise provide opportunities to innovate the next generation of heating solutions while strengthening supply chain stability.