GE-Prolec Transformers completed the acquisition of SPX Transformer Solutions from SPX for $645m.

GE-Prolec Transformers, a Mexican transformer manufacturer, completed the acquisition of SPX Transformer Solutions, a manufacturer of medium and large power transformers, from SPX, a global supplier of infrastructure equipment, for $645m. "As a key provider of high-quality, sustainable solutions for the delivery of electrical energy, Prolec GE is an excellent fit to lead the next phase of growth and value for SPX Transformer Solutions’ customers and employees alike," Gene Lowe, SPX President & CEO.