About This Deal
SPX Technologies acquired Schonstedt Instrument Company for $16.4 million (net of $0.3M cash acquired), a transaction completed in March 2018, structured as all cash.
Schonstedt Instrument Company operates in Detection & Measurement, had revenue of about approximately $9.0 million (twelve months prior to acquisition). Schonstedt is a manufacturer and distributor of magnetic locator products used for locating underground utilities and other buried objects.
Adds magnetic-locator technology to SPX's underground location and inspection franchise.
Detection and Measurement reportable segment
Deal Terms
Acquirer
SPX Technologies
Target
Schonstedt Instrument Company
Value
$16.4 million (net of $0.3M cash acquired)
Date
March 2018
Type
Full acquisition
Status
Ready
Transaction Details
Segment
Detection & Measurement
Structure
All cash
Target revenue
Approximately $9.0 million (twelve months prior to acquisition)
Announced
March 1, 2018
Closed
March 1, 2018
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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