# 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.

- Type: Acquisition
- Announced: 2021-10-04
- Where: Mexico
- Value: $645.0M
- Status: completed
- Products: transformers, Waukesha transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [GE](https://endata.com/companies/1022.md) (investor)
- [SPX Corporation](https://endata.com/companies/3760.md) (target)
- [Xignux](https://endata.com/companies/11492.md) (investor)
- [Prolec GE](https://endata.com/companies/13625.md) (acquirer)

## Sources

- [gevernova.com](https://www.gevernova.com/news/press-releases/prolec-ge-completes-acquisition-spx-transformer-solutions-business), 2021-10-04: "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."

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