# 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.

- Type: Acquisition
- Announced: 2020-09-02
- Where: United States
- Status: completed
- Products: robotic systems, inspection technology, CISBOT pipeline rehabilitation
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [SPX Corporation](https://endata.com/companies/3760.md) (acquirer)
- [ULC Robotics](https://endata.com/companies/49682.md) (target)

## Sources

- [stocktitan.net](https://www.stocktitan.net/news/SPXC/spx-announces-purchase-of-ulc-e8ur28f6la6h.html), 2020-09-02: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.