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Kranze Technology Solutions provides hardware and software solutions for defense, focusing on Infrared Countermeasures (IRCM), digital interoperability and networking, and program support for the US Navy, Marine Corps, and SOCOM. Its offerings include systems engineering, software and hardware product development, systems-of-systems integration, system test and evaluation, and modeling and simulation analysis to support Warfighters. Work is organized around small, cross-disciplinary teams that tackle complex technical challenges in collaboration with defense customers. The company aims to help customers solve battlespace problems by defining system interfaces, integrating multiple aircraft and platform systems, and delivering mission-oriented engineering solutions through hands-on collaboration and integration efforts.
Industries
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
2008
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SPX Technologies has completed its acquisition of Kranze Technology Solutions (KTS), enhancing its Communication Technologies platform. KTS, known for digital interoperability and tactical networking, will be part of SPX's Detection Measurement segment. The acquisition is expected to modestly boost adjusted EPS in 2025. SPX will provide 2025 guidance, including KTS's impact, on February 25, 2025.
SPX Technologies (NYSE:SPXC) has agreed to acquire Kranze Technology Solutions (KTS) for approximately $350 million in cash. KTS, based in Illinois, specializes in digital interoperability and tactical networking, with strong ties to the US Marine Corps. The acquisition, financed through SPX's revolving credit facility, is expected to close in Q1 2025, pending regulatory approval. This will be SPX's 15th acquisition since 2018, expanding its CommTech platform to over $200 million in revenue.
SPX Technologies announces agreement to purchase Kranze Technology Solutions ("KTS").
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Industries
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
2008
Find jobs on Simplify and start your career today