SPX acquires SGS Refrigeration.

SPX Corporation, a supplier of highly engineered products and technologies acquired SGS Refrigeration, a manufacturer and supplier of high-quality industrial evaporators and condensers. Financial terms were not disclosed. “We are excited about SGS joining the SPX team,” said Gene Lowe, President and CEO of SPX Corporation. “As a leader in industrial refrigeration, SGS has operated as a close partner with SPX in the evaporative condenser market. I am very pleased with the progress this partnership has made and look forward to the next phase of our growth together, as we combine our resources to further expand our addressable market and product suite of industrial refrigeration solutions.”