SPX Technologies Completes Neptronic Acquisition CA$605M
SPX Technologies completed the CA$605 million acquisition of Neptronic, a Montreal-based HVAC controls maker with about 300 employees and roughly US$75 million in annual revenue, signaling a strategic expansion of SPX’s HVAC segment and its intelligent controls portfolio, with an EBITDA multiple modestly above SPX’s 8-12x range. The deal aims to broaden channel access, scale the business with SPX’s resources, and accelerate growth across global markets, with 2026 guidance to reflect Neptronic’s impact.
Business · 9 sources · Jul 23, 2026Read itThe journal
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About Montreal
Montreal is the largest city in the province of Quebec, the second-largest in Canada, and the eighth-largest in North America. Founded in 1642 as Ville-Marie, or "City of Mary", it now takes its name from Mount Royal, the triple-peaked mountain around which the early settlement was built. The city is centred on the Island of Montreal and several much smaller, peripheral islands, the largest of which is Île Bizard. It lies 196 kilometres (122 mi) east of the national capital, Ottawa, and 258 kilometres (160 mi) southwest of the provincial capital, Quebec City.
Everything about Montreal →- Country
- Canada
- Inception
- May 17, 1642, May 17, 1792
- Website
- http://ville.montreal.qc.ca/, https://montreal.ca/, https://montreal.ca/en/