January 2, 2008 -- SPX Corporation has announced the acquisition of APV, a manufacturer of process equipment and engineered solutions and a division of Invensys.

SPX first announced that it had entered into a definitive agreement to acquire APV on October 31, 2007. APV will be operated as part of SPX's flow technology segment.

Chris Kearney, chairman, president and CEO of SPX, said: "The acquisition of APV greatly enhances our process equipment operations serving key markets around the world, particularly in Europe and Asia Pacific. 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."

Source: Datamonitor News and Comment