| SPX Corporation is a global multi-industry manufacturing company with operations in over 40 countries and sales in over 150 countries around the world. The majority of its revenues, approximately 56% during the year ended December 31, 2008, are driven by global infrastructure development.The Company has four operating segments: Flow Technology, Test and Measurement, Thermal Equipment and Services, and Industrial Products and Services. In September 2008, the Company acquired Autoboss Tech, Inc., a China-based manufacturer of diagnostic tools and equipment. In January 2009, the Company sold its remaining portion of its DeZurik product line to Sartell Valves Inc. In December 2008, the Company sold its operations of Vibration Testing and Data Acquisition Equipment business (LDS) and Scales and Counting Systems business. In October 2009, the Company announced that it completed the sale of its Filtran business unit, to Madison Capital Partners. |
