Ge And Schneider Electric Sniff Over SpxS Edwards System Technology
The word is that SPX’s Edwards System Technology could be worth as much as $US1.5 billion and the division is regarded as one of the most desirable inside SPX.
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According to SSN, John Blystone, SPX’s CEO, has said that the company is looking at offloading parts of the business “where value can be unlocked.”
According to SSN: “A final decision could be reached at some point in the next few weeks, though SPX could decide against a sale. Shares of SPX have tumbled amid concerns that the company has been relying on one-time accounting gains to post positive financial results.”
Edwards Systems Technology manufactures a range of products fire and security to access control and CCTV interfaces.