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[8] [13] SPX’s headquarters relocated to Charlotte, North Carolina, in 2002. [8] In 2012, SPX president Charles E Johnson II sold its Service Solutions business for approximately $1.15 billion to Robert Bosch GmbH. [14] [15] [16] In 2015, SPX Flow was founded, a spin-off from its parent company. [17]
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The company was created in 1997 with the merger of two fluid motion and control companies: BW/IP and Durco International. Acquisitions include HydroTechnik Olomouc in 2006, [9] Sealing Systems in 2007, [10] Calder AG in 2009 [11] and Valbart Srl in 2010. [12] In October 2011 Flowserve acquired Lawrence Pumps Inc.
The Industrial Process & Flow Control division would retain the name ITT Corporation. ITT Corporation changed its name to ITT Inc. in 2016. The Water & Waste Water division became Xylem Inc., symbol XYL (a reference to xylem tissue in plants). The Defense division became Exelis Inc., symbol XLS. Exelis was acquired by Harris Corporation in 2015.
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This is a list of major companies and organizations in the Charlotte metropolitan area, through corporate or subsidiary headquarters or through significant operational and employment presence in and around the American city of Charlotte, North Carolina. The Charlotte metropolitan area is home to seven Fortune 500 companies, numbers in italics ...
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