- 8 November 2006 -

SPX Corp makes offer for Custos

SPX Corp today has commenced a tender offer to acquire all the shares of Aktiebolaget Custos (publ) for US$155.3 million. Custos, the parent company of Johnson Pump, is a publicly traded Swedish company with annual revenues exceeding US$105 million. Custos manufactures and markets products including pumps for industrial and marine markets and aerator filters and regulators for the
HVAC heating and plumbing market. SPX intends for Custos to operate within the SPX Flow Technology segment.

"Custos’ products represent an attractive complement to the products and brands in our
Flow Technology segment”, said Don Canterna, segment president. “The combined business will benefit from economies of scale through a combined European infrastructure, a well established sales network across the combined product portfolio, increased operating efficiencies and combined R&D and new product programs to accelerate growth. We believe this acquisition will allow us to further expand our presence in Europe and continue to extend our customer base.”

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