SPX Technologies Acquires FIS Water Expanding Cooling Platform
News related to:SPX Technologies · 2 min read
CHARLOTTE, N.C., Sept. 15, 2026 /CourierPR/ -- SPX Technologies, a leading supplier of highly engineered products and technologies, has completed the acquisition of FIS Water, LLC, a provider of water management and control solutions. The deal, valued at approximately $410 million in cash, marks a significant expansion for SPX Technologies into the water management sector.
Formed in 2018, FIS Water operates through several well-established brands, including LAKOS, Puroflux, Superior, VAF, and VSI. These brands offer a range of products designed to protect and optimize cooling systems by removing solids, maintaining water quality, and controlling water flow. The acquisition brings FIS Water's portfolio into SPX Technologies' Cooling platform, aligning with the company's existing customer base and sales channels.
"FIS Water is a natural extension of our Cooling platform. Its products are used in cooling systems to improve water quality, protect critical equipment, and enhance system reliability, efficiency, and asset life. The business also has significant customer and channel overlap with our existing Cooling operations."
FIS Water's valve and actuator portfolio complements SPX Technologies' recently acquired Neptronic business and expands SPX's capabilities in HVAC control solutions. SPX plans to support FIS Water's growth through its global channels, OEM relationships, specification-driven sales capabilities, and operating resources.
Scott Thomas, President of FIS Water, expressed enthusiasm about the acquisition: "SPX shares our commitment to product quality, application expertise, and strong channel partnerships. Its established presence in cooling markets, global reach, OEM relationships, and operating resources will help us accelerate growth while preserving the brands, customer relationships, and entrepreneurial culture that have made FIS Water successful."
Headquartered in Fresno, California, FIS Water has approximately 120 employees and is expected to generate revenue of approximately $105 million in 2026. SPX management will provide updated 2026 guidance, including the impact of FIS Water, when it reports its financial results for the third quarter of 2026.
The acquisition is part of SPX Technologies' strategy to strengthen its Cooling platform and expand its presence in the water management market. By integrating FIS Water's products and expertise, SPX aims to offer a more comprehensive range of solutions to its customers, particularly in data centers and other demanding commercial and industrial environments.
With this acquisition, SPX Technologies continues to build on its leadership position in the HVAC and detection and measurement markets, positioning itself for continued growth and innovation in the coming years.