# 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.

- Type: Acquisition
- Announced: 2021-06-09
- Where: United States
- Value: $645.0M
- Status: announced
- Products: distribution transformers, power transformers, Waukesha transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [SPX Corporation](https://endata.com/companies/3760.md) (partner)
- [Prolec GE](https://endata.com/companies/13625.md) (acquirer)
- [SPX Transformer Solutions](https://endata.com/companies/55720.md) (target)

## Sources

- [transformer-magazine.com](https://transformer-magazine.com/news/prolec-ge-to-acquire-spxs-transformer-solutions-business/), 2021-06-10: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.