We are a leading full-line, full-service cooling tower and air cooled heat exchanger manufacturer. The companies that formed SPX Cooling Technologies were founded more than 100 years ago and have more than 250 global patents in the process cooling, industrial, refrigeration, and HVAC markets. HVAC solutions offered by our businesses include cooling towers, residential and commercial boilers and comfort heating products. Our detection and measurement products encompass underground locators and inspection equipment, fare collection systems, communication technologies and specialty lighting. Within our engineered solutions platform, we are a leading manufacturer of medium and large electrical transformers, as well as cooling towers and heat exchangers for industrial applications.
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- Business Type:
- Industry Type:
- Air and Climate
- Market Focus:
- Globally (various continents)
This company also provides solutions for other industrial applications.
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SPX Corporation (NYSE: SPXC) is, along with its subsidiaries, a diversified, global supplier of infrastructure equipment with scalable growth platforms in heating, ventilation and air conditioning (HVAC), detection and measurement, and engineered solutions. With operations in 17 countries and approximately $1.4 billion in annual revenue, we offer a wide array of highly engineered products with strong brands.
Our business strategy is focused on driving growth in our HVAC and detection and measurement businesses through new product innovation; geographic and channel expansion; entry into adjacent markets and targeted strategic initiatives. In addition to leveraging our scalable growth platform in HVAC and detection and measurement, we are focused within our engineered solutions businesses on taking advantage of our leading engineering and manufacturing expertise to decrease costs and increase efficiency. This ensures that we are well-positioned to benefit from future global infrastructure investment.
Meeting the needs of a rapidly changing world while maintaining today’s existing infrastructure is a challenge that inspires everything we do. We bring creativity, an entrepreneurial spirit and an unwavering commitment to surpassing our customers’ needs for safe, reliable and efficient solutions. Our innovative, customer-centric approach to solving critical business and societal needs is based on our decades of industry expertise and a proven track record of delivering highly engineered, reliable products that meet our customers’ high standards. It is with this commitment that we continuously pursue new and better ways of collaborating with our customers around the world to help them grow and drive their businesses forward.
Based in Charlotte, North Carolina, SPX Corporation employs approximately 4,500 people worldwide.
In 1912, the Piston Ring Company officially opened for business in Muskegon, Michigan. The company designed and manufactured original equipment components for Detroit’s largest car companies and quickly earned a reputation for quality products serving the rapidly developing automobile industry.
After acquiring the Accuralite Company in 1931, the company changed its name to “Sealed Power Corporation” and started manufacturing piston rings, pistons and cylinder sleeves for military applications. By the 1950s, the company had distributors in every state and in more than 40 countries. At the time, Sealed Power products were used as original equipment in more than 80 percent of American-made cars and trucks.
By 1988, and after a number of strategic acquisitions to further diversify the company into a replacement parts and specialty service tool manufacturer, the company changed its name to SPX Corporation. For the next 10 years, we remained a U.S.-centric automotive component manufacturer with nearly $1 billion in sales.
In 1998, a series of additional acquisitions and focused organic growth helped SPX Corporation diversify even further, culminating with the acquisition of General Signal Corporation in October of that year. SPX continued to grow and diversify through acquisition and ultimately acquired United Dominion, Inc., in 2001. As part of that acquisition, the company moved its corporate headquarters to Charlotte, North Carolina. Beginning in 2004, the company started to shift to a narrower focus on key end markets related to power and energy, food and beverage, and industrial process infrastructure. As a result, SPX Corporation sold off several businesses and re-invested in strategic acquisitions that helped anchor its growth in those end markets. This strategy resulted in SPX exiting the automotive industry entirely with the sale of its Service Solutions business in 2013.
On October 29, 2014, SPX announced that its Board of Directors had unanimously approved a plan for a tax-free spin-off of its Flow Technology reportable segment, its Hydraulic Technologies business, and certain segments of its corporate subsidiaries. The spin-off was designed to create two separate, stand-alone, publicly traded companies: SPX FLOW, Inc., a company focused on providing highly engineered technologies and services to customers in the global food and beverage, power and energy, and industrial markets; and SPX Corporation, a diversified, global supplier of infrastructure equipment with a scalable heating, ventilation and air conditioning (HVAC) platform, leading positions in niche detection and measurement markets, and a strong presence in engineered solutions for industry. The spin-off transaction was completed on September 26, 2015.
With $1.5 billion in annual revenue in 2019 and over 4,500 employees in 17 countries, SPX offers a wide array of highly engineered infrastructure products with strong brands.
With a market presence in approximately 15 countries, SPX Corporation infrastructure products and services serve customers throughout the world, including:
Whether providing electrical transformers to improve system reliability or automate payment processing for mass transit systems in U.S. cities, SPX solutions help enhance everyday life.
Europe, Middle East and Africa
SPX detection and measurement tools are utilized across Europe for underground utility protection, safety and security while our cooling towers help provide stable air conditioning to the stunning skyscrapers of the Middle East.
SPX has a strong commitment to serving Asian markets, particularly in the fast-growing economies of China and India, where we provide state-of-the-art cooling systems and other thermal components.
Infrastructure is the critical backbone that enables economies and businesses to grow. SPX products and services are designed to help meet the needs of an expanding world and help solve the complex issues companies face in growing their businesses. We embrace this challenge with determination and inspiration. By combining a problem solver’s resilience and an entrepreneurial spirit, we go beyond meeting the task at hand to lay the vital groundwork for a successful future.
Creating infrastructure solutions for a smarter, more productive future.Vision
We deliver highly valued products, services, and solutions to the world based on a deep understanding of our customers’ needs. Our businesses are leaders in their respective markets, our teams are collaborative and agile, and together we achieve sustainable growth and exceptional results.Our Values…
Do what’s right, the right way. Both the “what” and the “how” matter.
Take ownership. Create understanding and develop solutions by communicating with data and transparency.
Exceed customer expectations through active engagement, relentless focus, and a passion for innovative solutions. Drive constant improvement in everything we do.
Engage. Have fun. Make others successful. Our strongest asset is the power of “we”.
Make an impact. Focus on what matters. Deliver on commitments.