Apollo Global Management completed the acquisition of SPX Flow's power and energy business for $475m.

Apollo Global Management, a private equity investment company, completed the acquisition of the power and energy business of SPX Flow, a pumps and pumping equipment company, for $475m. "Since the start of 2016, SPX Flow has been on an accelerated pace of transformation focused on creating a high-performing, operating enterprise. In 2016 and 2017, the work done to realign our global footprint, transition to an operating structure and aggressively reduce debt improved the health of our business and provided a solid foundation. In 2018, we matured our business operating system and focused on growth in our high value product lines. 2019 represented a pivot point for our business as we simultaneously improved operational performance and executed strategic moves to build a premier process solutions enterprise," Marc Michael, SPX Flow President and CEO.