SPX Corporation (NYSE:SPXC) today announced that it has completed the acquisition of Schonstedt Instrument Company (“Schonstedt”), based in Kearneysville, West Virginia. Schonstedt is a manufacturer and distributor of magnetic locator products used for locating underground utilities and other buried objects.
“We are excited about Schonstedt joining the SPX team” said Gene Lowe, President and CEO of SPX Corporation. “Schonstedt is the leader in magnetic locators, with a strong brand, technology and user base that make it a highly complementary addition to our Radiodetection business’s industry-leading portfolio of cable and pipe locator products. We expect this combination to drive incremental value by leveraging our combined products, technologies, sales networks and geographic channels.”
