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SPX Corporation is an American manufacturing company, headquartered in Charlotte, North Carolina. [ 2 ] [ 3 ] [ 4 ] The company operates within four markets: heating, ventilation, and air conditioning ( HVAC ), detection and measurement, power transmission and generation, and engineered solutions.
By August 1998, with 1997 sales of just under US$1 billion, SPX moved to acquire General Signal Corp., a company twice its size, for US$45 per share in stock and cash, in a US$2 billion deal. With the acquisition SPX sought to enter the electrical and industrial controls business. [5] The deal was completed in the fourth quarter of 1998.
In December 2012 SPX was purchased by Robert Bosch GmbH and OTC became part of their Bosch Automotive Service Solutions division. [ 5 ] OTC is a global supplier of vehicle electronic diagnostic instruments ; fuel systems service tools; special service tools; general purpose tools; pullers; heavy-duty tools; shop equipment and hydraulic components.
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In 1927, Bosch launched injection pumps for diesel. Bosch bought the gas appliances production from Junkers & Co. in 1932, as a part of a diversification strategy. In 1932, the company developed its first electric drill and presented its first car radio. In 1933, Bosch presented its first electric refrigerator for private households. [7]
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In 2017, Sulzer bought French pump manufacturer Ensival Moret to close specific product gaps (such as axial flow pumps) in its general industry pumps portfolio. The company also acquired control of Rotec’s gas turbine service business (Rotec GT) in Russia, becoming a sizeable player in the Russian gas turbine service market.