SPX Technologies Announces Acquisition of FIS Water

SPX Technologies has completed its acquisition of FIS Water, LLC for total cash consideration of approximately $410 million, including certain tax attributes. FIS Water, formed in 2018 and headquartered in Fresno, California, provides engineered water management and control solutions under the LAKOS, Puroflux, Superior, VAF and VSI brands, with approximately 120 employees and expected 2026 revenue of approximately $105 million. The business joins SPX's HVAC segment within the Cooling platform, with significant customer and channel overlap including data center applications.

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