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Market Impact: 0.35
SPX Technologies Acquires Water Management Firm FIS Water For $410 Mln
Source: Nasdaq
M&A & RestructuringCompany FundamentalsInfrastructure & Defense
SPX Technologies completed its acquisition of FIS Water for approximately $410 million in cash, including certain tax attributes. The deal expands SPX's exposure to water-related engineered products and is a strategically positive but company-specific transaction.
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Overall Sentiment
mildly positive
Sentiment Score
0.35
Ticker Sentiment
FIS0.20
SPXC0.50
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