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Press Release 12.12.2018

Carmanah Announces Agreement to Sell Assets to SPX Corporation

Carmanah Technologies Corporation announced today that it has entered into a purchase agreement regarding the sale of a significant portion of the assets of the Company to SPX Corporation.  The assets being sold include all of the issued and outstanding equity interests of each of Sabik Oy, Sabik Oü, Sabik PTE Ltd., and Sabik Ltd., and their respective assets (collectively, “Carmanah’s Marine business”), the business and assets the Company’s Airfield Ground Lighting business, its Aviation Obstruction Lighting business as well as some miscellaneous business assets that support the businesses to be sold. Read more on the Press Release