SPX Corp. announced Wednesday an agreement to sell its SPX Transformer Solutions Inc. subsidiary for $645 million in cash to GE-Prolec Transformers. The deal is expected to close during the second half of 2021. GE-Prolec is subsidiary of a joint venture between General Electric Co. and Xignux S.A. de C.V. "As a key provider of high-quality, sustainable solutions for the delivery of electrical energy, Prolec GE is an excellent fit to lead the next phase of growth and value for SPX...
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