Oil&Gas

The many advantages of LED lanterns have already been proven in marine signaling. Customers worldwide are now advancing the same development in offshore applications with improved energy efficiency, low maintenance costs and better reliability.

In addition to the standard marine product portfolio Sabik has hazardous area approvals for a complete range of high quality Navaid products for offshore oil and gas platforms, FSO tankers, FPSO tankers and SBM buoys.

 

NEWS

 

Press Release 12.12.2018

February 1, 2019
SPX Completes Acquisition of Marine and Obstruction Lighting Business of Carmanah 

SPX Corporation (NYSE:SPXC) announced today that it has completed the acquisition of the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The results of the purchased business will be reported with SPX’s Communication Technologies businesses within its Detection & Measurement segment. The acquisition is expected to be modestly accretive to SPX’s 2019 Adjusted EPS.

“We are excited to welcome the Sabik team to SPX,” said Gene Lowe, President and CEO of SPX Corporation. “This acquisition expands and strengthens our position in aids-to-navigation specialty lighting solutions. We believe Sabik’s highly-engineered technology and products are an excellent fit with SPX’s portfolio of communication technologies solutions, and will provide significant value creation for our shareholders.” Read more...