Profile: SPX Corp (SPW.N)
14 Mar 2014
SPX Corporation, incorporated on February 9, 1968, is a global, multi-industry manufacturer of specialized, engineered solutions with operations in over 35 countries and sales in over 150 countries globally. The Company segments include: Flow Technology and Thermal Equipment and Services. During the year ended December 31, 2012, the Company’s Flow Technology segment accounted for approximately 53% of its revenues with investments in food and beverage, oil & gas, power generation and industrial flow markets. Its power and energy infrastructure products include cooling systems, large scale stationary and rotating heat exchangers and pollution control systems. The Company is a supplier of medium power transformers for the United States market. The medium power transformers it manufactures range from a base rating of 10 mega volt ampere to 100 mega volt ampere. In March 2014, the Company announced that it has completed the sale of Thermal Product Solutions (TPS) business to Resilience Capital Partners.
Clyde Union is a global supplier of pump technologies utilized in oil and gas processing, power generation and other industrial applications. The Flow Technology segment designs, manufactures and markets products and solutions, which are used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation and turnkey projects, as well as aftermarket support services. Primary offerings include engineered pumps, valves, mixers, heat exchangers, and dehydration and filtration technologies. Global end markets, including food and beverage, power and energy and general industrial processing are served by core brands, such as SPX Flow Technology, APV, ClydeUnion, Lightnin, Waukesha Cherry-Burrell, Anhydro, Bran&Luebbe, Copes-Vulcan, Johnson Pump, M&J Valves, Plenty, Hankison, Gerstenberg Schroder, GD Engineering, Dollinger Filtration, Pneumatic Products, Delair, Deltech and Jemaco.
The Company competes with GEA Group AG, Flowserve, Alfa Laval AB, Sulzer and IDEX Corporation.
Thermal Equipment and Services
In this segment the Company manufactures and services thermal heat transfer products. Primary offerings include dry; evaporative and hybrid cooling systems; rotating and stationary heat exchangers and pollution control systems for the power generation; heating, ventilation, and air conditioning (HVAC) and industrial markets, as well as boilers and heating and ventilation products for the commercial and residential markets. The primary distribution channels for the Thermal Equipment and Services segment are direct to customers, independent manufacturing representatives, third-party distributors and retailers. During 2012, approximately 57% of the segment's revenues were from sales to the power generation market. The segment's power products and services are sold under the brand names of SPX Cooling Systems, Marley, Balcke-Duerr, Ceramic, Yuba, Ecolaire and Recold.
The segment's boiler products include a range of gas and oil fired cast iron boilers for heating in residential and commercial applications, as well as ancillary equipment. The segment's heating and ventilation product line includes baseboard, wall unit and portable heaters, commercial cabinet and infrared heaters, thermostats and controls, air curtains and circulating fans. The segment sells heating and ventilation products under the Berko, Qmark, Farenheat and Edge brand names.
The Company competes with Evapco, Inc., GEA Group AG, Alstom SA, Siemens AG, Hamon & Cie, Baltimore Aircoil Company, Thermal Engineering International, SHOUHANG IHW Resources Saving Technology Co., Harbin Air Conditioning Co., Beijing Longyuan Cooling Technology Co., Burnham Holdings, Inc., Buderus, TPI Corporation, Ouellet, King Electric, Systemair Mfg. LLC, Cadet Manufacturing Company, Dimplex North America Ltd., TPI Corporation, Broan-NuTone LLC and Airmaster Fan Company.
Industrial Products and Services
The Company is a provider of medium sized transformers (10 - 100 MVA) in the United States. It sells transformers under the Waukesha Electric brand name. Typical customers for this product line are public and privately held utilities. In addition, this segment designs and manufactures industrial tools and hydraulic units, precision machine components for the aerospace industry, broadcast antenna systems, communications and signal monitoring systems, fare collection systems, portable cable and pipe locators, and precision controlled industrial ovens and chambers. The distribution channels for the Industrial Products and Services segment are direct to customers, independent manufacturing representatives and third-party distributors.
The Company competes with ABB Ltd., GE-Prolec and Hyundai.
13320 Ballantyne Corporate Place
CHARLOTTE NC 28277
Company Web Links
- US STOCKS-Futures higher after Bank of America results; data due
- SPX settles with Relational, giving option of board seat
- UPDATE 1-SPX settles with Relational, giving option of board seat
- SPX Corp to sell JV stake to Emerson Electric for $571 million
- UPDATE 3-SPX Corp to sell JV stake to Emerson Electric for $571 mln