SPX Technologies acquires Kranze Technology Solutions, Inc. (“KTS”)

SPX Technologies acquired Kranze Technology Solutions, Inc. (“KTS”) for $340.0 million net cash consideration (inclusive of $46.5M tied to future service obligations of certain existing employees; net of a $2.4M working-capital adjustment), a transaction completed in January 2025, structured as all cash.

Kranze Technology Solutions, Inc. (“KTS”) operates in Detection & Measurement. KTS specializes in digital interoperability and tactical networking solutions, primarily for the defense industry.

Goodwill reflects expected domestic and global market growth for KTS's existing operations and increased volumes achieved through product synergies with existing SPX businesses, procurement, and other synergies.

Defense-sector digital interoperability and tactical networking with cross-sell potential against SPX's existing detection and communications franchises. Product synergies with existing SPX businesses, procurement, and other operating synergies. Detection and Measurement reportable segment CEO, FY2025: “Year over year, adjusted EPS grew 16% to $1.65 for the quarter. Total company revenues increased 10% year over year, primarily driven by the acquisition of KTS and Sigma Omega.”