Waukesha Electric Systems Changes Name to SPX Transformer Solutions, Inc.
Waukesha, Wis., March 6, 2012 – SPX Transformer Solutions, Inc., a subsidiary of SPX Corporation, announced that it has changed its name to SPX Transformer Solutions, Inc.
SPX Transformer Solutions’ full range of power transformers and related services, which play a critical role in the North American power grid, will continue to be marketed to utilities and independent power producers under the Waukesha® brand. The new name of the business is intended to more accurately reflect the company’s expanded focus on developing and marketing a broader spectrum of power transformer technologies and solutions, and underscore the business unit’s close strategic alignment with its parent company, SPX.
“We have changed our company name to build on the growing strength of our parent company and recognize SPX’s substantial investment in our business’s growth,” said Thom Farrell, president of SPX Transformer Solutions. “This name change will not affect how we go to market with our products. As one of the most established and respected brands in the power transformer industry, the Waukesha® brand remains vital to our business, and we will continue to serve our clients with the same innovation, dedication, and service that they have known and trusted for the past 40 years.”
In addition, SPX Transformer Solutions announced that to date, the company has received 19 orders for new large transformers for manufacture in the expanded Waukesha, Wisconsin facility. SPX Transformer Solutions expects to ship the first of these units during the first half of 2012. The plant’s 50 percent expansion will increase the company’s overall capacity to manufacture medium and large, high-voltage power transformers.
Large power transformers are used to connect electricity generators to the power grid and transmit this electricity to consumers. Strong demand is expected for these transformers due to their advantages in facilitating the transmission of renewable energy from wind farms and solar power generation facilities to distant load centers, and their high efficiency, which makes them a favored choice for replacing aging, less efficient transformers.
The average engineering life of a transformer is approximately 30 to 40 years, and risks of transformer failures increase significantly after 25 years of service. According to the International Energy Agency (IEA), more than 10 percent of the United States’ transmission and distribution infrastructure will be 40 years old by 2015, and nearly 40 percent of the National Grid will reach the end of its engineering life by the year 2025.
With more than 800 employees nationwide, SPX Transformer Solutions, Inc. is one of the largest manufacturers of power transformers in the United States and a valued supplier of complete transformer service solutions, comprehensive maintenance training, and transformer, load tap changer and oil circuit breaker components.
SPX Transformer Solutions is a subsidiary of SPX Corporation (NYSE: SPW), a global Fortune 500 multi-industry manufacturing company. With headquarters in Charlotte, N.C., SPX has 18,000 employees in more than 35 countries. Visit www.spx.com.