Tag: SPX

SPX sells European power generation business

USA, North Carolina: SPX Corporation announced that it has entered into an agreement for the sale of its European power generation business to Mutares AG, a German-based publicly traded industrial holding company. The closing of the transaction is expected to occur by December 31, 2016, SPX announced in a statement.

SPX Corp. looking to sell power business lines

USA, North Carolina: SPX Corp. plans to sell its European power generation operations as weak segments of its power business continue to undermine strong performance in its other business divisions.

2 workers die in accident at SPX transformer plant

USA, North Carolina: At least two workers have been killed, and the condition of a third worker is unknown, after an accident in a large power transformer at SPX Transformer Solutions on U.S. Route 117 near Goldsboro, according to authorities cited by BNO News.

Three SPX transformers transported to OXY South Hobbs Plant

USA, Texas: Marks Crane & Rigging, a company offering heavy haul and specialised transportation services has been engaged by SPX, a North Carolina-based manufacturer of electrical equipment, to hoist and move three large power transformers.