# Prolec GE acquires SPX Transformer Solutions for $645 million

Prolec GE Transformers, Inc., a joint venture of GE and Xignux, completed the $645 million acquisition of SPX Transformer Solutions, Inc., a U.S. transformer technology company.

- Type: Acquisition
- Announced: 2021-10-12
- Where: United States
- Value: $645.0M
- Status: completed
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [GE](https://endata.com/companies/1022.md) (investor)
- [Xignux](https://endata.com/companies/11492.md) (investor)
- [SPX Transformer Solutions](https://endata.com/companies/55720.md) (target)
- [Prolec GE Transformers](https://endata.com/companies/58362.md) (acquirer)

## Sources

- [prweb.com](https://www.prweb.com/releases/greenberg-traurig-attorneys-represent-prolec-ge-transformers-inc-in-financing-transactions-related-to-its-645m-acquisition-of-spx-transformer-solutions-inc--868722383.html), 2021-10-12: "Prolec GE designs and provides solutions for the generation, transmission, and distribution of electrical energy."

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