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SPX Corporation acquires ULC Robotics · Endata

◂ Announcements

Sep 2, 2020ACQUISITIONUnited States

SPX Corporation acquires ULC Robotics

SPX Corporation acquired ULC Robotics, a developer of robotic systems and inspection technology, for an upfront cash payment and contingent payments. ULC's CISBOT business specializes in rehabilitating natural gas distribution networks with approximately $40 million in annual revenue.

Status

Completed

Productsrobotic systemsinspection technologyCISBOT pipeline rehabilitation

CompaniesSPX Corporation acquirer ULC Robotics target

Sectors#Automation and Robotics

“SPX Corporation announced today that it has acquired ULC Robotics, a leading developer of robotic systems, machine learning applications and inspection technology for the energy, utility and industrial sectors.”stocktitan.net

1 source
stocktitan.netSPX Announces Purchase of ULC Robotics | SPXC Stock NewsSPX Technologies, Inc.Sep 2, 2020

Summarized from public sources; check the original articles before acting on it.

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