SPX Sells GSE Tech-Motive Tool to Atlas Copco

SPX Corp. announced today it has completed the sale of its GSE tech-motive tool business to Atlas Copco-owned Chicago Pneumatic Tool Company. GSE tech-motive tool manufactures and distributes specialized tightening solutions for customers with critical assembly applications. Based in Novi, Mich., the business has annual revenues of approximately $25 million.

CHARLOTTE, NC — SPX Corp. announced today it has completed the sale of its GSE tech-motive tool business to Atlas Copco-owned Chicago Pneumatic Tool Company.

GSE tech-motive tool manufactures and distributes specialized tightening solutions for customers with critical assembly applications. Based in Novi, Mich., the business has annual revenues of approximately $25 million.

“The sale of GSE allows us to reallocate capital to growth opportunities that add value and fit SPX’s overall strategy,” said David Kowalski, president of SPX Service Solutions. “Despite its niche expertise, our review process revealed that in the long term, GSE is not a match for our growth strategy.”

SPX Service Solutions designs, manufactures and markets a fully integrated family of global brands providing special service tools, advanced diagnostic and shop equipment and technical information for vehicle servicing and maintenance.

For more information about SPX Corp., go to: www.spx.com.

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