SPX Plans to Divest Non-Core Industrial & Transportation Assets

SPX Technologies is recording Crawford United's Industrial & Transportation Products segment as assets held for sale. The company intends to sell these non-core businesses, which serve aerospace, defense, transportation, and marine markets, while continuing their operations during the transition.

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

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