SPX Technologies acquires KTS
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KTS is now a part of SPX Technologies’ Communication Technologies (CommTech) platform, within its Detection & Measurement segment. KTS is anticipated to be modestly accretive to adjusted earnings per share from continuing operations in 2025.
Management plans to provide 2025 guidance including the impact of KTS on 25th February 2025, when SPX Technologies reports Q4 2024 results.
Gene Lowe, President and CEO of SPX Technologies, said: “We are excited to welcome the KTS team to the SPX Technologies family.
“This transaction significantly scales our position in Communication Technologies and expands our value creation opportunities in highly complementary growth markets across our global customer base.
"KTS’s advanced digital interoperability technology and strong position in US defence platforms are an excellent fit with SPX’s existing tactical datalinks, communications intelligence and radio frequency (RF) countermeasure offerings.”
Richard Kranze, co-founder of KTS commented: “We are delighted for KTS to be joining SPX Technologies’ CommTech team. Bringing together SPX’s expertise and resources with KTS’ strong technology and customer relationships creates numerous growth opportunities for employees, customers and shareholders. I look forward to helping the SPX Technologies team to build an even stronger, more valuable platform.”
