SPX Corporation - Experts & Thought Leaders

SPX Technologies Inc. announced that it has acquired privately held TAMCO for approximately CA$170 million (approximately US$125 million) in cash. TAMCO Headquartered in Smiths Falls, Ontario, Canada, TAMCO is a market pioneer in motorized and non-motorized dampers that control airflow in large-scale specialty applications in commercial, industrial, and institutional markets. TAMCO, which has operations in Canada and the US, is well-known for its eco-friendly solutions, which provide very low levels of air leakage in critical thermal applications, such as data centers and healthcare facilities. Engineered Air Movement Solutions TAMCO is part of SPX Technologies’ HVAC segment and expands the Company’s position in Engineered Air Movement solutions. TAMCO has annual revenue of more than US$50 million, and its margins and anticipated revenue growth rate are higher than the HVAC segment average. “We are very excited about welcoming TAMCO to the SPX Technologies team,” said Gene Lowe, President and CEO of SPX Technologies. Strategic acquisition We see opportunities to create value and accelerate our growth by leveraging our combined offerings" “TAMCO’s well-respected brand and attractive niche-engineered products are a strong fit within our Engineered Air Movement business. We see multiple opportunities to create value and accelerate our growth by leveraging our combined product offerings, distribution channels, and SPX Technologies’ business system." "This is our 12th acquisition since 2018, and further validates our strategy of building high-quality, market-leading platforms, and creating foundations for further growth in closely adjacent end markets.” stronger, more valuable platform “The combination of TAMCO and SPX Technologies’ Engineered Air Movement business is an excellent fit that will provide numerous opportunities for employees and customers,” said Ron Chappell, President, CEO, and primary owner of TAMCO. “TAMCO’s high-quality solutions are highly complementary with SPX Technologies’ global footprint, marketing infrastructure, and existing air movement offerings. The team at TAMCO looks forward to working with the SPX Technologies’ team to build an even stronger, more valuable platform.”

With the UK finally out of lockdown many professionals are once again heading to their offices to complete their working day. Over the past 18 months, the task of accessing CPD (Continuing Professional Development) hours by HVAC engineers and professionals has been a real challenge but SPX Cooling Technologies quickly identified the issue and has been running online webinars that offer CPD hours throughout the global lockdown. SPX will continue to deliver these online sessions, but following feedback from customers and contacts, it has been learned that many attendees would appreciate face-to-face sessions delivered in a safe socially distanced manner to cater to those firms that choose to maintain lockdown protocols. Continuing CPD sessions SPX Cooling’s Dimitri Rocchiccioli said, “We understand that many professionals accessing CPD sessions thrive on the interactions and conversations that arise from the subjects being covered. Large conferences have been canceled and postponed for all the right reasons, but small, one-company sessions in a virtual format are a great step forward.” “For that reason, our UK colleagues have begun scheduling Microsoft Teams and Zoom sessions and delivering educational presentations to small classes. The feedback has been extremely positive, and we are keen to offer these services to more companies.” Available presentations The presentations currently available are: Cooling Tower Fundamentals Cooling Tower Siting Cooling Tower Sound – Performance and Measurement Crossflow vs Counterflow Cooling Towers

SPX Cooling Technologies, Inc., a full-line, full-service designer and manufacturer of evaporative cooling towers and air-cooled heat exchangers, introduces its new Marley MH Element Fluid Cooler, an induced-draft, crossflow closed-circuit cooling tower suitable for heating, ventilation and air conditioning (HVAC), industrial and process cooling applications. Because of its hybrid operation and high-efficiency components, the Marley MH Element Fluid Cooler delivers more thermal capacity with a smaller footprint and lower fan power. MH Element Fluid Cooler The Marley MH Element Fluid Cooler is the most efficient in its class. Compared to fluid coolers using traditional HDG coils, the MH Element Fluid Cooler provides 15 percent more thermal capacity, is 20 percent lighter weight per footprint, requires 35 percent less fluid volume and uses 35 percent less fan power. The MH Element Fluid Cooler combines cooling tower and heat exchanger functions into one system Its high-performance copper coils offer seven times more thermal conductivity and can be drained, extending service life with its superior corrosion resistance. Additionally, copper coils have bacteriostatic properties and are recyclable with high salvage value. The MH Element Fluid Cooler combines cooling tower and heat exchanger functions into one system. The process fluid is contained in a clean, closed loop, protecting it from outside contamination. The fluid cooler’s hybrid design uses a combination of fill media and prime surface coils, offering significantly improved performance compared to conventional closed-circuit coolers. Heavy-duty construction With higher capacity per footprint than conventional closed-circuit designs, the MH Element Fluid Cooler fits applications with restricted space. Heavy-duty construction, backed by SPX Cooling Technologies’ five-year mechanical warranty, helps keep processes running smoothly year after year. Thermal capacities of standard models are independently certified by the Cooling Technology Institute (CTI) for performance with water, ethylene glycol and propylene glycol solutions. The MH Element Fluid Cooler is equipped with low-sound fans as standard. Other fan and attenuation options are also available to meet even more stringent sound requirements.

For 100 years, the Marley brand has provided evaporative cooling towers and fluid coolers, ranging from large industrial applications to smaller plants such as offices. The equipment is used to cool hospitals, data centers, and large commercial buildings. In data centers, for example, evaporative cooling uses 60% less power than air-cooled systems. Events at 100th anniversary  SPX Technologies, the corporate owner of the Marley brand, is celebrating its 100th anniversary in 2022. Among the events marking the anniversary is a series of Road Shows. A big truck displaying key products will visit 50 locations across the United States. As it marks the anniversary, the Road Show also seeks to support the sales representative channel. There will also be marketing giveaways and promotional offers along the way. For SPX’s employee base, a global event in May 2022 will be a two-and-a-half-day celebration including visits to the research and development (R&D) center and manufacturing locations in Overland Park, Kan. Marley Company acquisition After its acquisition by SPX Corp. in 2001, Marley Cooling Technologies became SPX Cooling Technologies Both Marley Cooling Technologies (SPX Cooling Technologies) and Marley Engineered Products, another SPX business, evolved from the same parent company, The Marley Company. The history goes back to 1922 with the founding of predecessor company PPEC (Power Plant Equipment Company), which used the trade name “Marley” for their products, a combination of the names of founders Leon T. Mart and Chester Smiley. The Marley Company was incorporated in 1928. The company grew consistently through a series of acquisitions and ownership changes. After its acquisition by SPX Corp. in 2001, Marley Cooling Technologies became SPX Cooling Technologies, and it still uses the globally recognized Marley brand. Tested solutions, energy savings  SPX and Marley customers get the benefit of 100 years of experience supplying products that have withstood the test of time. “We have tremendous experience engineering to customer needs,” says Ankush Kumar, President, Global HVAC Cooling, SPX Corp. “The customer benefits from the collective experience of 100 years of solving complex problems. We provide true, tested solutions that meet customer needs reliably and effectively.” Marley is built on the value proposition of quality, innovation, and sustainability, the latter based on Marley products’ use of evaporative cooling to produce energy savings and low environmental impact. Marley technology consumes 20 to 25% less energy than competitive products. Focus on HVAC innovation Marley designed the first cooling tower 100 years ago, which holds more than 200 U.S. cooling tower design patents In fact, Kumar says environmental issues have replaced cost as the focus of HVAC innovation in the last several years.  He has also seen more emphasis on connectivity, with better control packages enabling building managers to access more information from a BMS (building management system). In the area of innovation, Marley designed the first cooling tower 100 years ago, which holds more than 200 U.S. cooling tower design patents and was an early innovator in efficient heat transfer such as crossflow cooling towers and film fill. Marley created the first factory-assembled cooling tower, the Aquatower, in 1947. It changed the industry and the future of the company, transitioning from field-directed systems to factory-assembled systems that provide better quality and require less labor for installation. Industrial grade construction, employee relationships Quality is displayed in Marley's reputation for industrial-grade construction, inventive engineering, and manufacturing. “Our people are a big part of the mission,” says Kumar. “We have an engineering climate throughout our company, and some of the employees are the second generation.” One recent retiree, 78 years old, noted that Marley has put food on his table since he was 2 (his father was also a long-time employee). “Our employee relationships remain strong because we believe in core principles of developing employees,” says Kumar. The company’s reputation and long legacy attract the top young talent from the engineering community. energy-efficient closed-circuit systems We consistently make products that provide more cooling for the same or lower energy" “We listen to the voice of the customer and seek to create new products that are even more reliable and better performing,” says Kumar. For example, the MH Element Fluid Cooler is a closed-loop HVAC system that combines the function of a cooling tower and heat exchanger into one system, among the most energy-efficient closed-circuit systems on the market. “Our consistent focus in recent years has been on energy efficiency,” says Kumar. “We consistently make products that provide more cooling for the same or lower energy.” SPX is also environmentally conscious when it comes to manufacturing processes, such as handling waste. The fill (heat transfer media) is made of recycled materials. Webinars to install systems The 100th anniversary comes on the heels of a pandemic that challenged the company to protect employees while meeting customer needs. The company focused on safety with extra precautions to protect the employee base, and they continued to pay employees who were exposed to COVID. Like many companies, they struggled to maintain a collaborative culture in a time dominated by Zoom. To communicate with customers, the company created webinars about how to install and specify systems. They ensured customers in the engineering community could get their questions answered remotely. They adjusted to a “hybrid” model (in which employees work on-site two to three days a week), seeking to maintain a family-friendly environment throughout. Addressing supply chain problems The global company does business in more than 80 countries and has manufacturing plants in the Far East and the United Kingdom. There are also four manufacturing plants in the U.S., which mostly supply the needs of U.S. customers. It is harder for foreign competitors to meet the demand for equipment that is large and “made to order.” Currently, SPX is grappling with supply problems, which they are addressing with the help of their supply chain partners. “Our challenge in the medium- to long-term is to offer products that continue to appeal to customers in the future,” says Kumar. The strategic goal is to double the size of the business in the next several years, including expanding product lines (based on innovation) and acquisitions. Clearly, the next 100 years will continue to be eventful.