SPX Corporation (www.spx.com) completed its acquisition of APV, a global manufacturer of process equipment and engineered solutions primarily for the sanitary market. “The acquisition of APV greatly enhances our process equipment operations serving key markets around the world, particularly in Europe and Asia Pacific,” said Chris Kearney, chairman, president and CEO of SPX, in a prepared statement.
APV was previously a division of Invensys PLC, an international industrial automation, transportation, and controls group headquartered in London. APV”s primary products include pumps, valves, heat exchangers, and homogenizers for the food, dairy, beverage, and pharmaceutical industries.
SPX first announced that it had entered into a definitive agreement to acquire APV on October 31. APV will be operated as part of SPX”s flow technology segment.