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Divestiture Feb 2012 Verified

SPX Divests Service Solutions Business to Robert Bosch GmbH

SPX Corporation sold its Service Solutions business to Robert Bosch GmbH. The transaction triggered a waiver under SPX's senior credit facilities regarding the use of net proceeds to repay outstanding term loans.

“the sale of SPX’s Service Solutions business to Robert Bosch GmbH”

Entities

Robert Bosch GmbH · Acquirer SPX Corporation · Parent
Other Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.