SPX Acquires APV
March 3, 2008
Charlotte-based SPX Corp. has completed the acquisition of APV, a global manufacturer of process equipment and engineered solutions primarily for the sanitary market.
“The acquisition of APV greatly enhances our process equipment operations serving key markets around the world, particularly in Europe and Asia Pacific,” said Chris Kearney, chairman, president and CEO of SPX. “With APV’s broad spectrum of proven process solutions, rich heritage of innovation and wealth of engineering expertise, we are better positioned than ever to capitalize on the growing global demand for flow technology products and solutions,” he added.
APV was previously a division of Invensys PLC, an international industrial automation, transportation and controls group headquartered in London. APV’s primary products include heat exchangers, pumps, valves and homogenizers for the food, dairy, beverage and pharmaceutical industries. SPX first announced that it had entered into a definitive agreement to acquire APV in the fourth quarter of 2007.
APV will be operated as part of SPX’s flow technology segment.