SPX completes sale of SPX Transformer Solutions to Prolec GE for $645M

SPX Corporation completed the sale of its subsidiary SPX Transformer Solutions to GE-Prolec Transformers, a joint venture between GE and Xignux, for $645 million including assumed debt.

“I am very pleased with this mutually beneficial transaction.”citybiz.co

• 2 sources
• citybiz.coSPX Announces Completion of Sale of SPX Transformer Solutions to Prolec GE | citybizWilliam HarrisOct 4, 2021
• power-technology.comSPX sells Transformer Solutions business in US to Prolec GEUmesh EllichipuramOct 5, 2021

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