# 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.

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

## Companies

- [SPX Corporation](https://endata.com/companies/3760.md)
- [GE](https://endata.com/companies/1022.md) (partner)
- [General Electric](https://endata.com/companies/1262.md) (partner)
- [Xignux](https://endata.com/companies/11492.md) (partner)
- [Prolec GE](https://endata.com/companies/13625.md) (acquirer)
- [GE-Prolec Transformers](https://endata.com/companies/55719.md) (acquirer)
- [SPX Transformer Solutions](https://endata.com/companies/55720.md) (target)

## Sources

- [citybiz.co](https://www.citybiz.co/article/152483/spx-announces-completion-of-sale-of-spx-transformer-solutions-to-prolec-ge/), 2021-10-04: "I am very pleased with this mutually beneficial transaction."
- [power-technology.com](https://www.power-technology.com/news/spx-transformer-prolec/), 2021-10-05: "The sale of SPX Transformer Solutions is a significant step in SPX's value creation journey that further focuses our strategy on our HVAC and Detection & Measurement segments."

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