SPX Technologies Accelerates Growth Strategy with Major Data Center Push

SPX Technologies is aggressively advancing its expansion within the specialized industrial technology sector as 2026 begins. The company's strategy, fueled by a multimillion-dollar U.S. investment and targeted acquisitions, is positioned to capitalize on the sustained data center boom.

The company's recent moves highlight a focused growth trajectory. On January 20, SPX Technologies strengthened its electrical heating capabilities through the acquisition of Thermolec. Just two days later, on January 22, the green light was given for a new $118 million manufacturing facility in Huntsville.

These developments precede the scheduled release of the company's full-year 2025 financial results, set for Tuesday, February 24, after the U.S. market close.

Capitalizing on Data Center Demand

A significant pillar of the expansion is the newly approved production site in Huntsville. The 118,000-square-foot plant is earmarked for manufacturing large-scale cooling and ventilation systems. This capital expenditure is a direct strategic response to soaring infrastructure demands from data centers. The project is expected to create approximately 350 new jobs and is aimed at securing market share in critical utility segments.

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Portfolio Expansion Through M&A

Alongside organic growth initiatives, management is broadening its offerings via mergers and acquisitions. The integration of Thermolec adds customized electric heating solutions to the corporate portfolio. This follows the December 2025 purchase of Crawford United Corporation, a move designed to bolster the HVAC (Heating, Ventilation, and Air Conditioning) air handling systems segment.

These strategic decisions align with a clear industry trend, where the need for efficient data center cooling remains a powerful growth driver. Despite a technical shift toward liquid cooling systems, traditional cooling towers for heat rejection continue to be an essential infrastructure component.

Investor Focus Turns to Financials

The upcoming earnings report will provide the first concrete evidence of how these strategic initiatives are translating into financial performance. The release of fourth-quarter and full-year 2025 figures will be followed by a conference call at 10:45 PM Central European Time.

During this call, executive leadership is anticipated to detail the results and offer a comprehensive operational outlook. This will likely include updates on the progress of new facilities and the integration of recent acquisitions. Market participants will be keen to understand the extent to which these new capacities are already influencing guidance for the current fiscal year.