|Exchange:||New York Stock Exchange|
|SPX Corporation was incorporated in Muskegon, Michigan in 1912 as the Piston Ring Company. Since 1968, the Company has been incorporated under the laws of Delaware. The Company is a multi-industry manufacturer of specialized, engineered solutions with operations in over 35 countries and sales in over 150 countries around the world. It offers specialized engineered solutions to solve critical problems for customers. The Company's operating segments are: Flow Technology and Thermal Equipment and Services. Its Flow Technology reportable segment accounted for approximately 53% of its revenues in 2012 and serves the food & beverage, oil & gas, power generation and industrial flow markets. Within these markets, it is a provider of engineered process equipment. It also has market positions in power generation and U.S. power transmission and distribution markets. Its main power generation offerings include cooling systems, large scale stationary and rotating heat exchangers and pollution control systems. It supplies these technologies into many types of traditional and alternative power generation facilities. It is well-positioned to benefit from new or retrofit investments in natural gas, coal, nuclear, solar and geothermal power plants. It is a supplier of medium power transformers for the U.S. market. Its medium power transformers range from a base rating of 10 Mega Volt Ampere (‘MVA’) to over 100 MVA and are uniquely designed to meet the requirements of each customer and substation. It has expanded its manufacturing capacity to increase its ability to produce large power transformers (greater than 100 MVA). The Company sells its cooling products and services under the brand names of SPX Cooling Systems, Marley, Balcke-Duerr, Ceramic, Yuba, Ecolaire and Recold, among others, with the major competitors to these product and service lines being GEA Group AG, Thermal Engineering International, Hamon & Cie, Baltimore Aircoil Company, Evapco, Inc., Harbin Air Conditioning Co., Siemens AG and Alstom SA. The Company is subject to various laws, ordinances, regulations and other requirements of government authorities in the United States and other nations.|
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