BRIEF-SPX Technologies Announces Agreement To Purchase Aspeq Heating Group

SPX Technologies Inc: * SPX TECHNOLOGIES ANNOUNCES AGREEMENT TO PURCHASE ASPEQ HEATING GROUP

* SPX TECHNOLOGIES INC - PROPOSED DEAL FOR APPROXIMATELY $418 MILLION IN CASH * SPX TECHNOLOGIES INC - INTENDS TO FINANCE ACQUISITION OF ASPEQ BY DRAWING ON ITS REVOLVING CREDIT FACILITY AND BORROWING

* SPX TECHNOLOGIES INC - ASPEQ HAS ANNUAL REVENUE OF ABOUT $120 MILLION AND IS EXPECTED TO BE ACCRETIVE TO MARGIN OF SPX TECHNOLOGIES' HVAC SEGMENT Source text for Eikon: Further company coverage: