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Acquisitions + Mergers

SPX´s Lightnin Business Acquires the Plenty Group

12.09.2001

MUSKEGON, Mich., Sept. 11 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that its Lightnin business has acquired the assets and the ongoing business operations of the Plenty Group from Smiths Group plc.

Plenty

has annual revenues of more than $50 million. Terms of the agreement were not

disclosed.

Plenty is a global manufacturer of mixers, pipeline products, pumps and

filters used in a range of applications servicing the oil and gas, chemical,

water and other industries. Headquartered in Newbury, UK, Plenty has

operations throughout the world.

Lightnin is the leading supplier of fluid process systems, solutions and

technologies throughout the world. Lightnin equipment is used in major

process industries, including pharmaceutical and biotechnology, minerals, food

and beverage, cosmetics and chemicals.

Commenting on today's announcement, John B. Blystone, Chairman, President

and Chief Executive Officer said, "We continue to focus on profitably growing

our businesses including acquisitions like Plenty. This transaction expands

Lightnin's products and technology allowing them to leverage their existing

portfolio to a broader systems-based initiative. The addition of Plenty will

strengthen our European presence and provide opportunities to offer enhanced

services and solutions to our global customers."

SPX Corporation is a global provider of technical products and systems,

industrial products and services, flow technology, and service solutions.

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