Didn't take long for SPX to spend some of that money.
11/02 07:29 SPX Service Solutions Acquires AutoXray, Inc.
CHARLOTTE, N.C., Nov. 2 /PRNewswire-FirstCall/ -- SPX Corporation (NYSE: SPW) today announced that its Service Solutions business has acquired AutoXray, Inc.,
based in Tempe, Arizona. AutoXray designs automotive diagnostic test equipment
and instrumentation that it markets to professional technicians and retailers.
Commenting on today's announcement, David Kowalski, President of SPX Service Solutions, said, "AutoXray is an innovative supplier of automotive diagnostic
test equipment and a great fit with our existing, technology- driven, line of
vehicle diagnostic equipment. The addition of AutoXray's patented low cost scan
tool technology further strengthens Service Solutions access to the automotive
aftermarket do-it-yourself marketplace, as well as improves our capabilities
across the full spectrum of automotive and heavy duty vehicle test equipment
used by the professional technicians that we serve today."
Service Solutions is a global leader in the design, manufacture and marketing of special service tools, advanced diagnostics and service equipment, inspection
and gauging systems, and technical and training information.
SPX Corporation is a global provider of technical products and systems, industrial products and services, flow technology, cooling technologies and
services, and service solutions. The Internet address for SPX Corporation's
home page is spx.com .
Certain statements in this press release are 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 words "believe,
" "expect," "anticipate," "estimate," "guidance," "target" and similar
expressions 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. |
