Prolec GE wraps up acquisition of SPX’s transformer solutions business
GE-Prolec Transformers (Prolec GE) has wrapped up the previously announced $645 million acquisition of the transformer solutions business of US-based SPX Corporation. The deal was announced in June 2021. Prolec GE is a subsidiary of a 50:50 joint venture between GE and Mexican private firm Xignux. The company offers solutions for the generation, transmission, and […]