Sabik news M660 Self-Contained Lantern

M660 The New Self-Contained Lantern

Sabik Marine proudly introduces under Carmanah brand a new innovative product, a self-contained lantern M660 for buoys and minor beacons with up to 4 nautical miles range. See the Product Video and find out more in Product page.

NEWS

 

Press Release 12.12.2018

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...