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SPX Receives U.S. Regulatory Approval on Sale of its Service Solutions Business to Robert Bosch GmbH



    SPX Receives U.S. Regulatory Approval on Sale of its Service Solutions
                        Business to Robert Bosch GmbH

PR Newswire

CHARLOTTE, N.C., Nov. 26, 2012

CHARLOTTE, N.C., Nov. 26, 2012 /PRNewswire/ -- SPX Corporation (NYSE: SPW)
today announced that the U.S. Federal Trade Commission (FTC) has cleared the
sale of SPX's Service Solutions business to Robert Bosch GmbH.

The FTC's approval marks satisfaction of the final regulatory obligation
required to complete the transaction. The sale remains subject to the
satisfaction of normal customary closing conditions.

SPX expects to close the sale by December 3, 2012.

About SPX

Based in Charlotte, North Carolina, SPX Corporation (NYSE: SPW) is a global
Fortune 500 multi-industry manufacturing leader with over $5 billion in annual
revenue, operations in more than 35 countries and over 18,000 employees. The
company's highly-specialized, engineered products and technologies are
concentrated in three areas: Flow Technology, infrastructure, and vehicle
service solutions.  Many of SPX's innovative solutions are playing a role in
helping to meet rising global demand for electricity, processed foods and
beverages and vehicle services, particularly in emerging markets. The
company's products include food processing systems for the food and beverage
industry, power transformers for utility companies, cooling systems for power
plants; and diagnostic tools and equipment for the automotive industry. This
description of SPX does not contemplate the pending sale of the Service
Solutions business. For more information, please visit www.spx.com.

Certain statements in this press release, including any statements relating to
consummation of the contemplated transaction, may be 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
refer to our public filings for a discussion of certain important factors that
relate to forward-looking statements contained in this press release. The word
"expect" and similar expressions may 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. Statements in the press release speak
only as of the date of this press release, and SPX disclaims any
responsibility to update or revise such statements.

SOURCE SPX Corporation

Website: http://www.spx.com
Contact: Ryan Taylor (Investors), +1-704-752-4486, investor@spx.com; Jennifer
H. Epstein (Media), +1-704-752-7403 or +1-704-576-5441,
jennifer.epstein@spx.com
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