SPX Corporation Completes Spin-Off of Flow Business into SPX FLOW

SPX Corporation completed the tax-free spin-off of its Flow business, creating a new standalone, publicly traded company named SPX FLOW, Inc. The distribution of SPX FLOW shares to SPX stockholders was completed on September 26, 2015.

“At 11:59 p.m., New York City time, on September 26, 2015, SPX Corporation (the “Company”) completed the previously announced tax-free spin-off (also referred to herein as the “Spin-Off”) of its Flow business, comprising its Flow Technology reportable segment, its Hydraulic Technology business and certain of its subsidiaries, into a new standalone, publicly traded company, SPX FLOW, Inc. (“SPX FLOW”), and distributed, on a pro rata basis, all of the shares of SPX FLOW common stock to the Company’s stockholders of record as of 5:00 p.m., New York City time, on September 16, 2015 (the “Record Date”).”

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