ULC Robotics has been sold to SPX Corp

ULC Robotics, named one of the top 50 most influential companies in the global robotics business, has been sold to SPX Corporation. ULC Robotics is 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 Research & Development (“R&D”) business that is a leading provider of cutting edge technology and innovative solutions for a range of utility and industrial applications.

ULC is headquartered in Hauppauge, New York, with a significant presence in the United Kingdom. The Company will join SPX’s Location & Inspection platform within its Detection & Measurement segment. Over the last twelve months ULC Robotics has had revenue of approximately $40 million.

Based in Charlotte, North Carolina, SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets.

EC M&A acted as exclusive financial advisor to ULC Robotics on this transaction.