SPX Plans to Divest Crawford United's Industrial & Transportation Products Segment

Upon closing the acquisition, SPX intends to sell Crawford United's Industrial & Transportation Products segment, which serves aerospace, defense, transportation, and marine markets, as it is noncore to SPX's long-term strategy. These businesses will be recorded as assets held for sale and reported as discontinued operations.

“Crawford United’s Industrial & Transportation Products segment, which includes an attractive portfolio of businesses serving aerospace, defense, transportation, and marine markets, is noncore to SPX’s long-term strategy. These non-core businesses will be recorded by SPX as assets held for sale, with their results reported as discontinued operations while the Company executes its plan to sell these businesses, including identifying a suitable buyer(s).”

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