SPX Completes Sale of Balcke-Dürr to mutares AG

SPX Corporation completed the previously announced sale of its Balcke-Dürr businesses to a subsidiary of mutares AG, a German-based publicly traded industrial holding company. The transaction closed on December 30, 2016.

“On December 30, 2016, certain SPX Corporation (“SPX” or the “Company”) subsidiaries completed the previously announced sale of SPX’s Balcke-Dürr businesses, a group within SPX’s Power Reportable Segment (“Balcke-Dürr”), to a subsidiary of mutares AG.”

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