Breaking M&A & Equipment AnalysisM&A and Private EquitySPX Just Spent $410 Million on FIS Water. Its HVAC Acquisition Run Has Reached $840 Million in Two Months.SPX Technologies has completed a $410 million cash acquisition of FIS Water, adding LAKOS, Puroflux, Superior, VAF and VSI to its Cooling platform. Combined with July's $430 million Neptronic deal, SPX has committed about $840 million to HVAC controls and water-management assets in less than two months as data-center demand drives its cooling business.TradeVulcan Dispatch Editorial Desk13 min