SPX Corporation Winds Down Heat Transfer Business

SPX Corporation initiated a plan to wind down its SPX Heat Transfer business as part of a strategic shift away from power generation end markets, with completion expected by the end of Q1 2019.

“During the second quarter of 2018, as a continuation of our strategic shift away from the power generation end markets, the Company initiated a plan to wind-down Heat Transfer. The Company anticipates completing the wind-down of Heat Transfer by the end of the first quarter of 2019.”

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