Prolec GE completes $645M acquisition of SPX Transformer Solutions

Prolec GE, a joint venture between GE and Xignux, completed the acquisition of SPX Corporation's SPX Transformer Solutions business for $645 million, adding the Waukesha transformer brand.

“Prolec GE, a subsidiary of a 50/50 joint venture between GE and Xignux, announced today it has completed the acquisition of SPX Corporation’s SPX Transformer Solutions business.”gevernova.com

• 1 source
• gevernova.comProlec GE completes acquisition of SPX’s Transformer Solutions business | GE Vernova NewsOct 4, 2021

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