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U.S.: FTC approves merger of vehicle tech businesses

By  |  November 26, 2012
U.S.: FTC approves merger of vehicle tech businesses

The Federal Trade Commission has approved SPX Corporation to sell its Service Solutions business to automotive technology company Robert Bosch GmbH. SPX Corporation sites more than $5 billion in annual revenue from its manufacturing operations, part of which concentrate on vehicle service solutions. The deal is expected to be complete by early December.

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