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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. ....

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Report Highlights Positive Climate Impact of Online Hydrogen Monitors

Jun 02 2021
H2scan Online Hydrogen Monitors Extend Life of Transmission and Distribution Transformers and Reduce Carbon Emissions Associated with Replacement
H2scan, a leading provider of proven, proprietary hydrogen sensors and technologies for utilities and industrial markets, announced that Carbon-Zero UK (a division of Data Engineering Projects Limited), has completed a carbon assessment verifying the impact of H2scan online hydrogen monitors in extending the life of transmission and distribution transformers.
The report explored the carbon emissions associated with transformer manufacture, transport, installation and disposal, and verified the importance of early failure detection made possible by H2scan online hydrogen monitors. ....

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Facebook's Favorite 6-In-1 Table Brand Now Has A Transformer Couch

Transformer Home is expanding their line from tables to couches, patio furniture and more. ....

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4 injured as transformer explodes

4 injured as transformer explodes
National
May 24, 2021
HARIPUR: Four persons, including three Pesco employees, suffered burn injuries when the power transformer exploded on Khanpur Road here on Sunday.
Police and Pesco sources said that three workers, identified as Muhammad Qasim, Mir Abbas and Muhammad Ikram, were busy fixing the fault of a 100 kv transformer near a private hospital on Khanpur Road when it exploded due to technical fault. As a result, three Pesco employees and a passerby, Tasleem Ahmed, sustained burn injuries. The area people shifted the injured people to Trauma Centre where the condition of two was reported to be critical. ....

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Virginia Transformer CEO talks about the company's 50 years in business

Virginia Transformer Corp. is celebrating its 50th anniversary this year. The Roanoke-based company designs and manufactures transformers to support a variety of industries, including steel, mining, utilities, data centers and ....

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