CHARLOTTE, N.C., Dec. 4 /PRNewswire-FirstCall/ -- SPX Corporation (NYSE: SPW) today announced that shares representing over 90% of the total number of shares and votes in Aktiebolaget Custos (publ) have been tendered. The company first announced its tender offer to acquire all the shares of Custos on November 8, 2006. SPX has now declared the offer unconditional and expects to begin the settlement process on or about December 11, 2006. SPX views this as an important strategic acquisition for its Flow Technology Segment. The combined business will benefit from economies of scale in Europe, a well-established sales network across an expanded product portfolio, increased operating efficiencies and combined R&D and new product programs to accelerate growth. SPX Corporation is a leading global provider of flow technology, test and measurement solutions, thermal equipment and services and industrial products and services. For more information visit the company's web site at http://www.spx.com/. This document does not constitute a tender offer and no offer is being made, directly or indirectly, in the United States, Australia, Canada, Japan or South Africa or any jurisdiction where to do so would constitute a breach of laws in that jurisdiction. Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The words "believe," "expect," "anticipate," "estimate," "guidance," "target" and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. DATASOURCE: SPX Corporation CONTACT: Jeremy W. Smeltser, Investors, +1-704-752-4478, , or Tina L. Betlejewski, Media, +1-704-752-4454, Web site: http://www.spx.com/

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