SPX Technologies acquired Sensors & Software Inc. for $15.5 million (net of $0.3M cash acquired); up to $3.7M contingent consideration, a transaction completed in November 2020, structured as all cash plus contingent consideration.
Sensors & Software Inc. operates in Detection & Measurement, is based in Canada. Sensors & Software is a leading manufacturer and distributor of ground penetrating radar products used for locating underground utilities, detecting unexploded ordnance, and geotechnical and geological investigations.
Adds ground-penetrating-radar technology to SPX's underground-location and inspection franchise.
Complementary location-technology to Radiodetection, Cues and Schonstedt. Detection and Measurement reportable segment CEO: “We see a lot of growth opportunities in location inspection as well.” (Detection & Measurement franchise)
Advisory firms were not disclosed for this transaction.