3 November 2009-- SPX Corp announced that its SPX Heat Transfer Inc. unit has entered into a definitive agreement with Connell Limited Partnership and Yuba Heat Transfer LLC, a supplier of heat transfer equipment, to acquire a majority of Yuba's assets.
Yuba designs, builds and services heat transfer equipment under the Yuba and Ecolaire names. The heat exchangers are used by nuclear, solar, geothermal, gas and coal-powered plants.
The terms of the transaction were not disclosed, but completion of the deal is subject to regulatory approvals.
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