Last €79.84 EUR
Change Today -0.322 / -0.40%
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09/9/14 - €81.99
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spx corp (SPW) Details

SPX Corporation provides specialized engineered solutions worldwide. The company operates through two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment designs, engineers, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids for original equipment installation, including turnkey and skidded systems, and components, as well as aftermarket components and support services. This segment primarily offers engineered pumps, valves, mixers, plate heat exchangers, and dehydration and filtration technologies. It serves customers in food and beverage, power and energy, and industrial end markets. The Thermal Equipment and Services segment engineers, designs, manufactures, installs, and services thermal heat transfer products, such as evaporative and hybrid cooling systems, rotating and stationary heat exchangers, and pollution control systems for the power generation, HVAC, and industrial markets, as well as boilers, heating, and ventilation products for the residential and commercial markets. The company also designs, manufactures, and markets power transformers, industrial tools and hydraulic units, obstruction lights and monitoring equipment, communications and signal monitoring systems, fare collection systems, and portable cable and pipe locators. SPX Corporation markets its products through various channels, such as stocking distributors, independent manufacturing representatives, direct sales, and third-party distributors and retailers. The company was formerly known as Piston Ring Company and changed its name to SPX Corporation in 1988. SPX Corporation was founded in 1911 and is headquartered in Charlotte, North Carolina.

14,000 Employees
Last Reported Date: 02/20/15
Founded in 1911

spx corp (SPW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $6.3M
Chief Financial Officer and Vice President
Total Annual Compensation: $1.7M
President of Global Manufacturing Operations
Total Annual Compensation: $1.7M
Executive Vice President of Global Business S...
Total Annual Compensation: $2.3M
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

spx corp (SPW) Key Developments

SPX Corporation Declares Quarterly Dividend, Payable on April 1, 2015

SPX Corporation announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on April 1, 2015 to shareholders of record on March 16, 2015.

SPX Wins Contract from Arla Foods for New Processing Systems at Large Dairy Plant in Aylesbury, UK

SPX Corporation announced that its Flow Food and Beverage business has been awarded a second- phase process contract from Arla Foods, a global dairy company and co-operative owned by 13,500 dairy farmers across Europe. Under the terms of the contract, SPX will design and install a new processing system for Arla Foods' fresh milk dairy located in Aylesbury, UK, which is currently the world's largest. Arla is the number one dairy company in the UK and produces some of the UK's best known dairy brands, including Anchor, Cravendale, Lurpak and Tickler. The Aylesbury site officially opened in May of 2014 and, upon completion of this second phase, will be capable of producing up to 240,000 litres per hour and one billion litres per year. The milk is supplied by 900 British farmers, the majority of whom are farmer-owners. This marks the second contract that Arla has awarded to SPX for its Aylesbury dairy processing plant. The first contract, awarded in 2011, called for SPX to provide a full-line, customized dairy processing system capable of producing 650 million litres of fresh milk per year. When this latest second phase is installed, the Aylesbury plant is expected to have the capacity to produce approximately one billion litres of fresh milk per year. The facility was designed to set a new standard for sustainability by being the to generate zero emissions. According to Arla, it has already achieved zero waste to landfill and will harness renewable energy opportunities.

SPX Seeks Acquisitions

SPX Corporation (NYSE:SPW) is looking for acquisition opportunities. SPX has a shelf registration statement for 8.3 shares of common stock that may be issued for acquisitions. In addition, other financing instruments may be used from time to time, including, but not limited to, private placement instruments, operating leases, capital leases and securitizations. SPX expect that they will continue to access these markets as appropriate to maintain liquidity and to provide sources of funds for general corporate purposes, acquisitions or to refinance existing debt. SPX will continually review each businesses in order to determine their long-term strategic fit. These reviews could result in selected acquisitions to expand an existing business or result in the disposition of an existing business. Additionally, SPX may consider a larger acquisition in the future, with more than $1,000.0 in revenues, if certain criteria are met.


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