{"id":3217,"date":"2025-07-22T18:28:32","date_gmt":"2025-07-22T18:28:32","guid":{"rendered":"https:\/\/dev-spx-corp.pantheonsite.io\/?p=3217"},"modified":"2025-08-15T16:48:43","modified_gmt":"2025-08-15T16:48:43","slug":"spx-is-now-spx-technologies-2","status":"publish","type":"post","link":"https:\/\/spx.com\/fr\/spx-is-now-spx-technologies-2\/","title":{"rendered":"SPX Corporation Completes Reorganization into SPX Technologies"},"content":{"rendered":"<div class=\"field field--name-field-nir-news-title field--type-string field--label-hidden\">\n<h2 class=\"field__item\"><strong>SPX Completes Corporate Legal Structure Reorganization; SPX Technologies, Inc. is Now the Publicly Traded Entity<\/strong><\/h2>\n<\/div>\n<div class=\"node__content\">\n<p align=\"left\">CHARLOTTE, N.C.,\u00a0Aug. 15, 2022\u00a0(GLOBE NEWSWIRE) &#8212;\u00a0SPX Technologies, Inc.\u00a0(\u201cSPX Technologies\u201d) (NYSE:SPXC), as the successor registrant to\u00a0SPX Corporation, announced today that it has finalized the reorganization of its corporate legal structure, pursuant to Section 251(g) of the Delaware General Corporation Law.<\/p>\n<p>The reorganization included a tax-free merger of\u00a0SPX Corporation\u00a0with and into\u00a0SPX Merger, LLC, a newly-formed\u00a0Delaware\u00a0limited liability company that is a subsidiary of a newly-formed\u00a0Delaware\u00a0corporation,\u00a0SPX Technologies, Inc.\u00a0As a result of the transaction, SPX Technologies has become the holding company for the SPX group of companies, and now will be the publicly traded entity. The SPX common stock will continue to trade on the NYSE on an uninterrupted basis with no change to the ticker symbol \u201cSPXC.\u201d The stock will trade under a new CUSIP (78473E 103).<\/p>\n<p>The company anticipates multiple benefits from the transaction including a simpler and more efficient legal structure to accommodate growth through acquisitions, and opportunities for more efficient management of legacy liabilities.<\/p>\n<p>A current report on Form 8-K filed today by SPX Technologies with the\u00a0Securities and Exchange Commission\u00a0provides additional details related to the reorganization and SPX Technologies.<\/p>\n<p align=\"justify\"><strong>About SPX Technologies:<\/strong>\u00a0SPX Technologies is a diversified, global supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in\u00a0Charlotte, North Carolina, SPX Technologies has more than 3,100 employees in 15 countries. SPX Technologies is listed on the\u00a0New York Stock Exchange\u00a0under the ticker symbol \u201cSPXC.\u201d For more information, please visit\u00a0<a href=\"https:\/\/spx.com\/fr\/\">www.spx.com<\/a>.<\/p>\n<p>Note: Certain statements in this press release, including with respect to the benefits of SPX Technologies\u2019 implementation of a reorganization of its corporate legal structure (\u201cthe Transaction\u201d) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. The company\u2019s business operations and financial profile are subject to risks and uncertainties, including those identified in documents filed with the\u00a0Securities and Exchange Commission\u00a0by\u00a0SPX Corporation, including its most recent annual report on Form 10-K and quarterly report on Form 10-Q. These filings identify important risk factors and other uncertainties, including the following: the impact of the COVID-19 pandemic and governmental and other actions taken in response, including labor constraints and supply-chain disruptions; the uncertainty of claims resolution with respect to the large power projects in\u00a0South Africa, as well as claims with respect to asbestos, environmental and other contingent liabilities; cyclical changes and specific industry events in the company\u2019s markets; economic impacts from continued or escalating geopolitical tensions; changes in anticipated capital investment and maintenance expenditures by customers; availability, limitations or cost increases of raw materials and\/or commodities that cannot be recovered in product pricing; the impact of competition on profit margins and the company\u2019s ability to maintain or increase market share; inadequate performance by third-party suppliers and subcontractors for outsourced products, components and services and other supply-chain risks; cyber-security risks; risks with respect to the protection of intellectual property, including with respect to the company\u2019s digitalization initiatives; the impact of overruns, inflation and the incurrence of delays with respect to long-term fixed-price contracts; defects or errors in current or planned products; domestic economic, political, legal, accounting and business developments adversely affecting the company\u2019s business, including regulatory changes; changes in worldwide economic conditions; uncertainties with respect to the company\u2019s ability to identify acceptable acquisition targets; uncertainties surrounding timing and successful completion of any announced acquisition or disposition transactions, including with respect to integrating acquisitions and achieving cost savings or other benefits from acquisitions; uncertainties with respect to the expected benefits of the reorganization of its corporate legal structure; the impact of retained liabilities of disposed businesses; potential labor disputes; and extreme weather conditions and natural and other disasters.<\/p>\n<p>The words \u201cguidance,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cproject\u201d and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.<\/p>\n<p>Statements in this press release speak only as of the date of this press release, and SPX Technologies disclaims any responsibility to update or revise such statements, except as required by law.<\/p>\n<p>SOURCE SPX Technologies.<\/p>\n<p><strong>Investor and Media Contacts:<\/strong><br \/>\nMark A. Carano, vice-pr\u00e9sident, directeur financier et tr\u00e9sorier<br \/>\nGarrett Roelofs, Assistant Manager, Investor Relations<br \/>\nPhone:\u00a0\u00a0 980-474-3806<br \/>\nE-mail:\u00a0<a href=\"mailto:spx.investor@spx.com\">spx.investor@spx.com<\/a><\/p>\n<p>Source:\u00a0SPX Technologies, Inc.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>SPX Completes Corporate Legal Structure Reorganization; SPX Technologies, Inc. is Now the Publicly Traded Entity CHARLOTTE, N.C.,\u00a0Aug. 15, 2022\u00a0(GLOBE NEWSWIRE) &#8212;\u00a0SPX Technologies, Inc.\u00a0(\u201cSPX Technologies\u201d) (NYSE:SPXC), as the successor registrant to\u00a0SPX Corporation, announced today that it has finalized the reorganization of its corporate legal structure, pursuant to Section 251(g) of the Delaware General Corporation Law. The [&hellip;]<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[48],"tags":[],"dipi_cpt_category":[],"class_list":["post-3217","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SPX Corporation Completes Reorganization into SPX Technologies - SPX Technologies in Charlotte, NC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spx.com\/fr\/spx-is-now-spx-technologies-2\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPX Corporation Completes Reorganization into SPX Technologies - SPX Technologies in Charlotte, NC\" \/>\n<meta property=\"og:description\" content=\"SPX Completes Corporate Legal Structure Reorganization; SPX Technologies, Inc. is Now the Publicly Traded Entity CHARLOTTE, N.C.,\u00a0Aug. 15, 2022\u00a0(GLOBE NEWSWIRE) &#8212;\u00a0SPX Technologies, Inc.\u00a0(\u201cSPX Technologies\u201d) (NYSE:SPXC), as the successor registrant to\u00a0SPX Corporation, announced today that it has finalized the reorganization of its corporate legal structure, pursuant to Section 251(g) of the Delaware General Corporation Law. 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