SPX to Acquire Crawford United in Board-Approved Deal
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SPX is set to acquire Crawford United Corporation, with unanimous board approval from both companies. Crawford United shareholders, holding over two-thirds of voting power, support the deal. Crawford's Commercial Air Handling Equipment will join SPX's HVAC segment, while its Industrial & Transportation Products segment will be sold post-acquisition. The transaction is expected to close in Q1 2026, subject to conditions and approvals.
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