SPX Corporation to Relocate Corporate Office

    MUSKEGON, Mich., July 3 SPX Corporation has
advised its headquarter employees that it will relocate its corporate office
within the next 12 months.  On August 1, the company will report its second
quarter results.  These results are expected to include a material charge for
the integration of certain SPX businesses with former United Dominion
businesses, cost reduction actions and the relocation of the corporate office.
    Commenting on today's announcement, John B. Blystone, Chairman, President
and Chief Executive Officer of SPX Corporation said, "Muskegon has been a
great home for SPX since 1911.  With the recently completed acquisition of
United Dominion Industries, SPX is now a $5 billion global, multi-industry
company with over 28,000 employees doing business in over 34 countries.  We
currently have 50 people in Muskegon.  The integration with United Dominion
provides a natural time to select a corporate location for the next stage in
SPX's evolution."
    "We have selected Charlotte, North Carolina and Fairfax County, Virginia
as the two finalist locations.  The final decision will be made by September 1
and will be based on total corporate costs, labor pool, access to metropolitan
airports that offer better domestic and international flights, affordable
housing, employment opportunities for dual income families, as well as overall
quality of life."
    SPX Corporation is a global provider of technical products and systems,
industrial products and services, flow technology and service solutions.  The
Internet address for SPX Corporation's home page is http://www.spx.com .
    Certain statements in this press release are 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
the Company's public filings for discussion of certain important factors that
relate to forward-looking statements contained in this press release.  The
words "believe," "expect," "anticipate," "estimate," 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.