SPX Corp. announced that its Flow Technology segment has entered into a definitive agreement to acquire Gerstenberg Schröder A/S, a leading designer, manufacturer, installer and servicer of processing systems and components serving the global food industry. Privately-held Gerstenberg Schröder had annual revenues of approximately $65 million in 2008. The terms of the transaction were not disclosed, and completion of the transaction is subject to customary closing conditions.
Acquisitions & Mergers …SPX Corp.
February 1, 2010