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SPX subsidiary completes acquisition of assets of Yuba Heat Transfer LLC |
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Thursday, 17 December 2009 |
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SPX Corporation recently announced that its SPX Heat Transfer Inc. subsidiary has completed an acquisition of substantially all the assets and certain liabilities of Yuba Heat Transfer LLC, a leading global supplier of heat transfer equipment utilized by nuclear, solar, geothermal, gas and coal power generation facilities.
"This transaction firmly establishes SPX Heat Transfer Inc. as a leading provider of heat transfer components and systems serving the global power generation industry," said SPX Chairman, President and Chief Executive Officer Christopher J. Kearney. "We expect the company's facilities, market position and broad array of proven heat transfer solutions to significantly expand the competencies and reach of our existing global heat exchanger business", Kearney added. |