SPX Corporation Selects New Home for Corporate Office

    MUSKEGON, Mich., Aug. 31 SPX Corporation today
announced that it has signed a letter of intent with Bissell Development, LLC
to relocate its corporate offices to Charlotte, North Carolina.
    The company's new facility is presently under construction in Ballantyne
Corporate Park and is expected to be completed by the end of April 2002.  The
architectural firm of Hickok Warner Fox has been selected to complete the
interior design of the building.  The company is working with the real estate
firm, Julien J. Studley, Inc. of Washington, DC.
    SPX previously announced that it planned to relocate its corporate office.
The company has extended relocation offers to the majority of its Muskegon-
based employees.
    Commenting on today's announcement, John B. Blystone, Chairman, President
and Chief Executive Officer of SPX Corporation said, "We are proud to have
been part of the Muskegon community for the past 90 years.  With the recent
acquisition of United Dominion Industries, we have reached a natural time to
select a corporate location for the next stage in the company's evolution.  In
choosing Charlotte, we considered total corporate costs, labor pool, access to
metropolitan airports that offer better domestic and international flights,
affordable housing, employment opportunities for dual income families and
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.

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