SPX Announces Purchase of ULC Robotics

SPX Corporation announced that it has acquired ULC Robotics, a leading developer of robotic systems, machine learning applications and inspection technology for the energy, utility and industrial sectors. A pioneer in the field of Robotics-as-a-Service (RaaS), ULC operates a growing, recurring-revenue business called CISBOT which uses robotic solutions designed to rehabilitate and extend the life of natural gas distribution networks for utility customers. ULC also operates a custom Research & Development ("R&D") business that provides cutting edge technology solutions to a growing base of utility and industrial customers. ULC is headquartered in Hauppauge, New York, with a significant presence in the United Kingdom. Its results will be reported with SPX's Location & Inspection platform within its Detection & Measurement segment.