{"id":631,"date":"2025-07-22T19:05:53","date_gmt":"2025-07-22T19:05:53","guid":{"rendered":"http:\/\/live-spx-corp.pantheonsite.io\/?p=631"},"modified":"2025-08-15T16:48:42","modified_gmt":"2025-08-15T16:48:42","slug":"spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end","status":"publish","type":"post","link":"https:\/\/spx.com\/fr\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/","title":{"rendered":"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End"},"content":{"rendered":"

CHARLOTTE, N.C.,\u00a0Nov. 23, 2016\u00a0(GLOBE NEWSWIRE) —\u00a0SPX Corporation\u00a0(NYSE:SPXC) announced that it has entered into an agreement for the sale of its European Power Generation business (the \u201cBalcke-D\u00fcrr group,\u201d or \u201cBalcke-D\u00fcrr\u201d) to\u00a0mutares AG\u00a0(\u201cmutares\u201d), a German-based publicly traded industrial holding company.\u00a0 The closing of the transaction is expected to occur by\u00a0December 31, 2016.<\/p>\n

The terms of the purchase agreement include the sale of the subsidiaries comprising Balcke-D\u00fcrr in exchange for nominal cash at closing and a commitment by SPX to leave sufficient liquidity within Balcke-D\u00fcrr, including a loan from SPX, to support ongoing operations and the implementation of mutares\u2019s strategic plan. A more detailed description of the transaction is provided in the company\u2019s Form 8-K filed today with the\u00a0United States Securities and Exchange Commission.<\/p>\n

Gene Lowe, President and CEO, remarked, \u201cThe agreement for the sale of Balcke-D\u00fcrr is another significant step forward on our value creation roadmap.\u00a0 Our team has worked tirelessly to arrive at the best possible solution for delivering on our commitment to eliminate the losses from the underperforming portions of our Power Segment. With the completion of this transaction, and the earlier sale of our Dry Cooling business, SPX will substantially complete the transformation of the Power Segment, leaving the company with three strong platforms to continue executing on our growth strategy.\u201d<\/p>\n

As previously disclosed, the elimination of the underperforming portions of our Power Generation business would have the effect of increasing the company\u2019s current Adjusted EPS* guidance for 2016 by more than\u00a0$0.30, the majority of which is attributable to the sale of Balcke-D\u00fcrr. SPX anticipates that the transaction will qualify for discontinued operations presentation in our full-year 2016 financial statements, and now expects to report full-year Adjusted EPS* significantly in excess of our current guidance range of\u00a0$1.00-$1.20.<\/p>\n

About\u00a0SPX Corporation:\u00a0\u00a0<\/strong>Based in\u00a0Charlotte, North Carolina,\u00a0SPX Corporation\u00a0is a leading supplier of highly engineered HVAC products, detection and measurement technologies and power equipment. With operations in about 20 countries,\u00a0SPX Corporation\u00a0had approximately\u00a0$1.7 billion\u00a0in annual revenue in 2015 and approximately 6,000 employees worldwide.\u00a0SPX Corporation\u00a0is listed on the\u00a0New York Stock Exchange\u00a0under the ticker symbol \u201cSPXC.\u201d\u00a0 For more information, please visit\u00a0www.spx.com<\/a>.<\/p>\n

About\u00a0mutares AG<\/strong>:\u00a0 Based in\u00a0Munich, Germany,\u00a0mutares AG\u00a0is an industrial holding company that focuses on acquiring companies currently finding themselves in a special situation, such as owner or management succession or strategic repositioning. Getting engaged with its own teams, mutares actively supports its portfolio companies ensuring sustainable, long-term growth. The shares of\u00a0mutares AG\u00a0are traded on the\u00a0Frankfurt Stock Exchange\u00a0under the symbol MUX (ISIN: DE000A0SMSH2). For more information, please visit\u00a0www.mutares.com<\/a>.<\/p>\n

*Non-GAAP financial measure. Adjusted EPS is calculated in a manner consistent with the presentation of Adjusted EPS in SPX\u2019s press release dated\u00a0November 3, 2016\u00a0and submitted as Exhibit 99.1 to SPX\u2019s Current Report on Form 8-K dated\u00a0November 3, 2016.\u00a0 Because of the forward-looking nature of the estimate of Adjusted EPS, it is impractical to present a quantitative reconciliation of such measure to a comparable GAAP measure, and accordingly no such GAAP measure or reconciliation is being presented.<\/p>\n

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these results in conjunction with the company’s documents filed with the\u00a0Securities and Exchange Commission, including the company’s annual reports on Form 10-K, and any amendments thereto, and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. Actual results may differ materially from these statements. The words \u201cbelieve\u201d, “expect,” “anticipate,” “project” 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. In addition, estimates of future operating results are based on the company’s existing operations and complement of businesses, which are subject to change.<\/p>\n

Statements in this press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.<\/p>\n

Investor Contact:\r\nMark A. Carano, Vice President, Chief Financial Officer and Treasurer\r\nPhone:  980-474-3806\r\nE-mail: spx.investor@spx.com<\/a>\r\n\r\nMedia and Customer Contact:\r\nVivek Dhir, Vice President, Global Marketing and Business Development\r\nPhone: 980-474-3703\r\nE-mail: vivek.dhir@spx.com<\/a><\/pre>","protected":false},"excerpt":{"rendered":"
CHARLOTTE, N.C.,\u00a0Nov. 23, 2016\u00a0(GLOBE NEWSWIRE) —\u00a0SPX Corporation\u00a0(NYSE:SPXC) announced that it has entered into an agreement for the sale of its European Power Generation business (the \u201cBalcke-D\u00fcrr group,\u201d or \u201cBalcke-D\u00fcrr\u201d) to\u00a0mutares AG\u00a0(\u201cmutares\u201d), a German-based publicly traded industrial holding company.\u00a0 The closing of the transaction is expected to occur by\u00a0December 31, 2016. The terms of the purchase […]<\/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-631","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\nSPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End - SPX Technologies in Charlotte, NC<\/title>\n<meta name=\"description\" content=\"SPX signs agreement to exit its cooling segment, optimizing its industrial portfolio.\" \/>\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-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End - SPX Technologies in Charlotte, NC\" \/>\n<meta property=\"og:description\" content=\"SPX signs agreement to exit its cooling segment, optimizing its industrial portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spx.com\/fr\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/\" \/>\n<meta property=\"og:site_name\" content=\"SPX Technologies in Charlotte, NC\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-22T19:05:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-15T16:48:42+00:00\" \/>\n<meta name=\"author\" content=\"DNS Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"DNS Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/\"},\"author\":{\"name\":\"DNS Admin\",\"@id\":\"https:\\\/\\\/spx.com\\\/#\\\/schema\\\/person\\\/0c386f66d333558caedba0b782977aa7\"},\"headline\":\"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End\",\"datePublished\":\"2025-07-22T19:05:53+00:00\",\"dateModified\":\"2025-08-15T16:48:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/\"},\"wordCount\":729,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/spx.com\\\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/\",\"url\":\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/\",\"name\":\"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End - SPX Technologies in Charlotte, NC\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/spx.com\\\/#website\"},\"datePublished\":\"2025-07-22T19:05:53+00:00\",\"dateModified\":\"2025-08-15T16:48:42+00:00\",\"description\":\"SPX signs agreement to exit its cooling segment, optimizing its industrial portfolio.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/spx.com\\\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/spx.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/spx.com\\\/#website\",\"url\":\"https:\\\/\\\/spx.com\\\/\",\"name\":\"SPX Technologies in Charlotte, NC\",\"description\":\"SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets.\",\"publisher\":{\"@id\":\"https:\\\/\\\/spx.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/spx.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/spx.com\\\/#organization\",\"name\":\"SPX Corporation\",\"url\":\"https:\\\/\\\/spx.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/spx.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/live-spx-corp.pantheonsite.io\\\/wp-content\\\/uploads\\\/2018\\\/03\\\/SPX_LOGO_R_Vertical_RGB_480px.png\",\"contentUrl\":\"https:\\\/\\\/live-spx-corp.pantheonsite.io\\\/wp-content\\\/uploads\\\/2018\\\/03\\\/SPX_LOGO_R_Vertical_RGB_480px.png\",\"width\":389,\"height\":480,\"caption\":\"SPX Corporation\"},\"image\":{\"@id\":\"https:\\\/\\\/spx.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/spx.com\\\/#\\\/schema\\\/person\\\/0c386f66d333558caedba0b782977aa7\",\"name\":\"DNS Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/94f546c479ce02133045a0f33d4504c6576ab6860c521f995bfcb4181fb9df3f?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/94f546c479ce02133045a0f33d4504c6576ab6860c521f995bfcb4181fb9df3f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/94f546c479ce02133045a0f33d4504c6576ab6860c521f995bfcb4181fb9df3f?s=96&d=mm&r=g\",\"caption\":\"DNS Admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End - SPX Technologies in Charlotte, NC","description":"SPX signs agreement to exit its cooling segment, optimizing its industrial portfolio.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/spx.com\/fr\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/","og_locale":"fr_CA","og_type":"article","og_title":"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End - SPX Technologies in Charlotte, NC","og_description":"SPX signs agreement to exit its cooling segment, optimizing its industrial portfolio.","og_url":"https:\/\/spx.com\/fr\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/","og_site_name":"SPX Technologies in Charlotte, NC","article_published_time":"2025-07-22T19:05:53+00:00","article_modified_time":"2025-08-15T16:48:42+00:00","author":"DNS Admin","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"DNS Admin","Estimation du temps de lecture":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/#article","isPartOf":{"@id":"https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/"},"author":{"name":"DNS Admin","@id":"https:\/\/spx.com\/#\/schema\/person\/0c386f66d333558caedba0b782977aa7"},"headline":"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End","datePublished":"2025-07-22T19:05:53+00:00","dateModified":"2025-08-15T16:48:42+00:00","mainEntityOfPage":{"@id":"https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/"},"wordCount":729,"commentCount":0,"publisher":{"@id":"https:\/\/spx.com\/#organization"},"articleSection":["News"],"inLanguage":"fr-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/","url":"https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/","name":"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End - SPX Technologies in Charlotte, NC","isPartOf":{"@id":"https:\/\/spx.com\/#website"},"datePublished":"2025-07-22T19:05:53+00:00","dateModified":"2025-08-15T16:48:42+00:00","description":"SPX signs agreement to exit its cooling segment, optimizing its industrial portfolio.","breadcrumb":{"@id":"https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/spx.com\/spx-announces-agreement-for-sale-of-european-power-generation-business-transaction-expected-to-close-by-year-end\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/spx.com\/"},{"@type":"ListItem","position":2,"name":"SPX Announces Agreement for Sale of European Power Generation Business Transaction Expected to Close by Year-End"}]},{"@type":"WebSite","@id":"https:\/\/spx.com\/#website","url":"https:\/\/spx.com\/","name":"SPX Technologies in Charlotte, NC","description":"SPX Technologies est un fournisseur de produits et de technologies de haute technicit\u00e9, occupant une position de leader sur les march\u00e9s du CVC et de la d\u00e9tection et de la mesure.","publisher":{"@id":"https:\/\/spx.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/spx.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Organization","@id":"https:\/\/spx.com\/#organization","name":"SPX Corporation","url":"https:\/\/spx.com\/","logo":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/spx.com\/#\/schema\/logo\/image\/","url":"https:\/\/live-spx-corp.pantheonsite.io\/wp-content\/uploads\/2018\/03\/SPX_LOGO_R_Vertical_RGB_480px.png","contentUrl":"https:\/\/live-spx-corp.pantheonsite.io\/wp-content\/uploads\/2018\/03\/SPX_LOGO_R_Vertical_RGB_480px.png","width":389,"height":480,"caption":"SPX Corporation"},"image":{"@id":"https:\/\/spx.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/spx.com\/#\/schema\/person\/0c386f66d333558caedba0b782977aa7","name":"DNS Admin","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/94f546c479ce02133045a0f33d4504c6576ab6860c521f995bfcb4181fb9df3f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/94f546c479ce02133045a0f33d4504c6576ab6860c521f995bfcb4181fb9df3f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/94f546c479ce02133045a0f33d4504c6576ab6860c521f995bfcb4181fb9df3f?s=96&d=mm&r=g","caption":"DNS Admin"}}]}},"_links":{"self":[{"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/posts\/631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/comments?post=631"}],"version-history":[{"count":0,"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/posts\/631\/revisions"}],"wp:attachment":[{"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/media?parent=631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/categories?post=631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/tags?post=631"},{"taxonomy":"dipi_cpt_category","embeddable":true,"href":"https:\/\/spx.com\/fr\/wp-json\/wp\/v2\/dipi_cpt_category?post=631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}