{"id":645,"date":"2025-07-22T19:05:53","date_gmt":"2025-07-22T19:05:53","guid":{"rendered":"http:\/\/live-spx-corp.pantheonsite.io\/?p=645"},"modified":"2025-08-15T16:48:42","modified_gmt":"2025-08-15T16:48:42","slug":"spx-announces-completion-of-sale-of-global-dry-cooling-business","status":"publish","type":"post","link":"https:\/\/spx.com\/fr\/spx-announces-completion-of-sale-of-global-dry-cooling-business\/","title":{"rendered":"SPX Announces Completion of Sale of Global Dry Cooling Business"},"content":{"rendered":"<p align=\"left\">CHARLOTTE, N.C.,\u00a0March 30, 2016\u00a0(GLOBE NEWSWIRE) &#8212;\u00a0SPX Corporation\u00a0(NYSE:SPXC) today announced that it has completed the sale of its Dry Cooling business to\u00a0Paharpur Cooling Towers Limited\u00a0(\u201cPaharpur\u201d). Pre-tax proceeds were approximately\u00a0$48 Million.<\/p>\n<p><strong>About\u00a0SPX Corporation:\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 revenues and approximately 6,000 employees worldwide in 2015.\u00a0SPX Corporation\u00a0is listed on the\u00a0New York Stock Exchange\u00a0under the ticker symbol, \u201cSPXC.\u201d\u00a0 For more information, please visit\u00a0<a href=\"http:\/\/www.globenewswire.com\/Tracker?data=RBvV57QEau_dw2YMe-MrLBPpr4mwXOO7X9YkO_PnkK63zP2-mA-hMAz9rIVpUYUuA7Tmz2UBR9kKwAwCR0WAng==\" target=\"_blank\" rel=\"nofollow noopener\">www.spx.com<\/a>.<\/p>\n<p><strong>About Paharpur:<\/strong>\u00a0Headquartered in\u00a0Kolkata, India, Paharpur is a leading cooling solution provider with global operations. The Company\u2019s business interests include cooling towers, air cooled heat exchangers, air cooled condensers and flexible packaging. The Company has five manufacturing facilities in\u00a0India\u00a0serving the global markets.<\/p>\n<p>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 this press release in conjunction with the company&#8217;s documents filed with the\u00a0Securities and Exchange Commission, including the company&#8217;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 &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;project&#8221; 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&#8217;s current complement of businesses, which is subject to change. 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<pre>Investor Contact:\r\nMark A. Carano, Vice President, Chief Financial Officer and Treasurer\r\nPhone:  980-474-3806\r\nE-mail: <a href=\"mailto:spx.investor@spx.com\">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\nEmail: <a href=\"mailto:vivek.dhir@spx.com\">vivek.dhir@spx.com<\/a><\/pre>","protected":false},"excerpt":{"rendered":"<p>CHARLOTTE, N.C.,\u00a0March 30, 2016\u00a0(GLOBE NEWSWIRE) &#8212;\u00a0SPX Corporation\u00a0(NYSE:SPXC) today announced that it has completed the sale of its Dry Cooling business to\u00a0Paharpur Cooling Towers Limited\u00a0(\u201cPaharpur\u201d). Pre-tax proceeds were approximately\u00a0$48 Million. About\u00a0SPX Corporation:\u00a0Based 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 [&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-645","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 Announces Completion of Sale of Global Dry Cooling Business - SPX Technologies in Charlotte, NC<\/title>\n<meta name=\"description\" content=\"SPX finalizes cooling business sale, reinforcing its focus on core strategic platforms.\" \/>\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-completion-of-sale-of-global-dry-cooling-business\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPX Announces Completion of Sale of Global Dry Cooling Business - 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