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SPX To Sell SPX Transformer Solutions To GE-Prolec Transformers For $645 Mln Cash

SPX To Sell SPX Transformer Solutions To GE-Prolec Transformers For $645 Mln Cash FAIRFIELD (dpa-AFX) - SPX Corp. announced Wednesday that it has entered into a binding agreement to sell 100% of the issued and outstanding stock of its wholly-owned subsidiary, SPX Transformer Solutions, Inc., to GE-Prolec Transformers, Inc., a subsidiary of a joint venture between General Electric Co. (GE) and Xignux S.A. de C.V. for a cash purchase price of $645 million. SPX anticipates that after taxes on a gain from the sale, net proceeds will be approximately $540 million. The purchase price is subject to customary net working capital and similar adjustments at closing.

Smart Transformers Market to Grow at 13 54% CAGR by 2027

Telecom Transformers Market Is Booming Worldwide with Top Key Players - Alstom, ABB, GENERAL ELECTRIC, Hyundai Heavy Industries Co , Ltd , Layer Electronics, Mace Group, Siemens

Telecom Transformers Market Is Booming Worldwide with Top Key Players - Alstom, ABB, GENERAL ELECTRIC, Hyundai Heavy Industries Co., Ltd., Layer Electronics, Mace Group, Siemens iCrowd Newswire 19 May 2021, 06:57 GMT+10 Latest market research study on Global Telecom Transformers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Three Phase Transformer, Single Phase Transformer); Application (Outdoor, Indoor) . The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Telecom Transformers market during the forecast period, i.e., 2021–2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and r

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