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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 ga...
Transformer Solutions Transformers Inc Transformer Solutions Inc Prolec Transformers General Electric Engineered Solutions

The CBSA launches an investigation into small power transformers from Austria, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), and South Korea

Share this article Share this article OTTAWA, ON, April 15, 2021 /CNW/ - The Canada Border Services Agency (CBSA) announced today that it is launching an investigation to determine whether certain small power transformers from Austria, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), and South Korea are being sold at unfair prices in Canada. The investigation is the result of a complaint by Transformateurs Delta Star Inc. (Saint-Jean-sur-Richelieu, QC), Nort...
Penghu Xian T Ai Pei Jinmen Xian South Korea City Of United Kingdom

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