Offshore Oil and gas products by Marine Sabik
Offshore Oil and gas products by Marine Sabik
Offshore Oil and gas products by Marine Sabik
Aquaculture products by Marine SabikRailway signals by Marine Sabik
Offshore Oil and gas products by Marine Sabik
Sea buyons from Sabik-Marine
Waterways and ports systems by Sabik Marine
Remote Monitoring systems by Sabik Marine
Waterways and ports systems by Sabik Marine
Remote Monitoring systems by Sabik Marine
NEWS
February 1, 2019
SPX Completes Acquisition of Marine and Obstruction Lighting Business of Carmanah
SPX Corporation (NYSE:SPXC) announced today that it has completed the acquisition of the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The results of the purchased business will be reported with SPX’s Communication Technologies businesses within its Detection & Measurement segment. The acquisition is expected to be modestly accretive to SPX’s 2019 Adjusted EPS.
“We are excited to welcome the Sabik team to SPX,” said Gene Lowe, President and CEO of SPX Corporation. “This acquisition expands and strengthens our position in aids-to-navigation specialty lighting solutions. We believe Sabik’s highly-engineered technology and products are an excellent fit with SPX’s portfolio of communication technologies solutions, and will provide significant value creation for our shareholders.” Read more...
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Sabik Marine
We show the way
Sabik Marine is a global leader in the marine aids-to-navigation business with our comprehensive range of high-quality signalling solutions. With our widespread distributor network, we serve our marine clients locally in all longitudes and latitudes. We are highly committed to being innovators in the industry and were the first to introduce LED technology and remote monitoring in navigation aids. In addition to our marine business, we also develop and produce railway and road signals for local projects in the Northern Europe.
Today, as of 1st February 2019, Sabik Marine belongs to SPX Corporation, a global supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineering solutions markets.
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