Prolec GE to acquire SPX Transformer Solutions for $645M

GE-Prolec Transformers, Inc. (Prolec GE) has signed a definitive agreement to acquire SPX Transformer Solutions business (SPXT) from SPX Corporation for $645 million cash. The deal is expected to close by end of 2021.

“The acquisition is expected to enhance Prolec GE's position as a key distribution and power transformer player providing customers with a wider choice of products and an enhanced next-generation portfolio.”transformer-magazine.com

• 1 source
• transformer-magazine.comProlec GE to acquire SPX’s Transformer Solutions business – Transformer MagazineBarbara TomićJun 10, 2021

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