Jay Caraviello, president of SPX Cooling Technologies and Services, stated, "This acquisition will fit perfectly with our strategy to expand the Cooling Technologies and Services global platform. Customers will have the benefit of combining Hamon's innovative cooling technology with the financial strength and stability of SPX Corporation."

Hamon is a leader in capital equipment design, engineering, manufacturing, construction, and service for power plants and major industries in the field of cooling towers, heat exchangers, air pollution control, and chimneys.

SPX Cooling Technologies and Services is a leader in cooling tower design, engineering, manufacture, construction, and service. Its Marley, Balcke, and Ceramic brand names are known in the power generation, industrial, refrigeration, and HVAC markets.

SPX Corporation is a global provider of technical products and systems, industrial products and services, flow technology, and service solutions. For more information, visit www.spx.com.

Publication date: 12/29/2003