SPX completes $410 million FIS Water acquisition to expand Cooling platform
Sep 15, 2026, 4:20 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The acquisition broadens SPX's Cooling platform with complementary brands and product lines, creating cross-sell opportunities and potential margin improvements from scale. Historical SPX M&A moves (e.g., Neptronic) have been used to expand capabilities; investors typically reward tangible revenue growth and channel synergies once integration milestones are met. Near-term price moves often hinge on updated guidance and integration progress.
AI summary
What happened, with direct paths to the underlying reporting
SPX Technologies has completed the acquisition of FIS Water for about $410 million, integrating its water management brands into the Cooling platform and expanding valve/actuator capabilities. FIS Water's LAKOS, Puroflux, Superior, VAF and VSI lines align with SPX customers and channels, supporting cross-sell and growth. SPX will update 2026 guidance in Q3 to reflect the acquisition and expected revenue of about $105 million from FIS Water in 2026.
SPX completes FIS Water acquisition for $410M. 120 Fresno employees added.
FIS Water adds LAKOS, Puroflux, Superior, VAF, VSI brands. Complements SPX Cooling platform.
Revenue from FIS Water expected about $105M in 2026. Guidance to be updated after Q3 results.
SPX sees cross-sell opportunities with overlapping customers and channels. Accelerates growth across the portfolio.
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