About This Deal

SPX Technologies acquired International Tower Lighting, LLC (“ITL”) for $40.4 million (net of $1.1M cash acquired), a transaction completed in March 2022, structured as all cash.

International Tower Lighting, LLC (“ITL”) operates in Detection & Measurement. ITL is a leader in the design and manufacture of highly-engineered Aids to Navigation systems, including obstruction lighting for telecommunications towers, wind turbines and numerous other terrestrial obstructions.

Strengthens SPX's Aids to Navigation franchise alongside Sealite and Sabik.

Builds the global AtoN leadership position alongside Sealite and Sabik. Detection and Measurement reportable segment CEO: “With the acquisitions of Sealite, Sabik, and ITL, we do believe we are the very strong global leader here, approximately $170 million.”

Deal Terms

Acquirer
SPX Technologies
Target
International Tower Lighting, LLC (“ITL”)
Value
$40.4 million (net of $1.1M cash acquired)
Date
March 2022
Type
Full acquisition
Status
Ready

Transaction Details

Segment
Detection & Measurement
Structure
All cash
Announced
March 31, 2022
Closed
March 31, 2022

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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