SPX Corporation

SPX Corporation
Type	Public
Traded as	NYSE: SPXC; S&P 600 Component
ISIN	US7846351044
Industry	Multi-industry
Founded	Muskegon, Michigan (1912)
Headquarters	Charlotte, North Carolina, United States
Revenue	US$1.692 billion (2015);
Operating income	US$62.9 million (2015);
Number of employees	6,000 (2015)
Website	www.spx.com

SPX Corporation (NYSE: SPXC) is a supplier of infrastructure equipment in heating, ventilation and air conditioning (HVAC), and detection and measurement markets.

History

SPX was founded in 1912 in Muskegon, Michigan, as the Piston Ring Company by Paul E Johnson.[1]

After acquiring Accuralite Company in 1931, the company changed its name to "Sealed Power Corporation" and also started manufacturing piston rings, pistons and cylinder sleeves for various military applications.[1]

In 1988 the company changed its name to SPX Corporation. For the next 10 years, they remained a U.S.-centric automotive component manufacturer with nearly $1 billion in sales.[1] In 2012, SPX president Charles E Johnson II sold its Service Solutions business for approximately 2.25 billion dollars to Robert Bosch GmbH.[2]

References

"History and Heritage". SPX. Retrieved March 11, 2016.
Bosch completes acquisition of SPX Corporation’s Service Solutions business ." Dec 2012. Retrieved April 23, 2015.

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[SPX.com/History_and_Heritage-1] "History and Heritage". SPX. Retrieved March 11, 2016.

[2] Bosch completes acquisition of SPX Corporation’s Service Solutions business ." Dec 2012. Retrieved April 23, 2015.