---
schema_version: "secwatch.filing_event.v1"
accession: "0000088205-21-000036"
form_type: "8-K"
ticker: "SPXC"
cik: "0000088205"
company_name: "SPX Technologies, Inc."
filed_at: "2021-10-07T23:59:59+00:00"
generated_at: "2026-06-28T22:25:18.673056+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SPX Corp completes sale of Transformer Solutions unit for $645M cash

## Summary
- Sold SPX Transformer Solutions to GE-Prolec Transformers on Oct 1, 2021 for $645M cash, subject to working capital adjustments.
- Pro forma FY2020 continuing ops revenue $1.13B (vs. $1.56B historical); net income from cont ops $57.9M (vs. $100.7M).
- Pro forma cash and equivalents as of July 3, 2021 were $686M, up from $69.1M historical, reflecting net proceeds.
- General corporate overhead of $4.7M (FY2020) previously allocated to Transformer Solutions remains in continuing operations.
- The sale was previously announced on June 8, 2021; transaction closed on October 1, 2021.

## SEC filing metadata
- accession: 0000088205-21-000036
- form_type: 8-K
- ticker: SPXC
- cik: 0000088205
- company_name: SPX Technologies, Inc.
- filed_at: 2021-10-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88205/000008820521000036/0000088205-21-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88205/000008820521000036/spxc-20211001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088205-21-000036
- JSON: https://secwatch.observer/filing/0000088205-21-000036.json
- Plain text: https://secwatch.observer/filing/0000088205-21-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.