SHANGHAI, China — SPX Corp.’s Service Solutions business unit has completed its acquisition of AUTOBOSS Tech Inc., a Shenzhen, China-based manufacturer of diagnostic tools and equipment.

"This investment further underscores our commitment to accelerate growth and expand our business in strategic markets, China in particular," said David Wilson, president of SPX Service Solutions, Asia Pacific. "The leaders of AUTOBOSS have developed an outstanding brand that we will leverage to expand our aftermarket business in China and across the region. We are pleased the leadership team has committed to continue working with us.

"AUTOBOSS broadens our product portfolio, adds extensive channel coverage and gives our global engineering team a great opportunity to accelerate the development of our next generation diagnostics tools," Wilson added.

"It was a pleasure to work with SPX on this transaction," said David Wen, former president of AUTOBOSS. "I am very pleased to know that the company I created will be run under SPX’s capable leadership and that my former employees will have solid career opportunities ahead of them. My team can now fulfill their vision to become the premier service solutions provider in the region."

Wen has agreed to remain on as a consultant to SPX.

The terms of the transaction were not disclosed.

For more information about SPX, visit: http://www.spx.com.