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SPX Corporation to Acquire North American Transformer

17 August 1999

SPX Corporation to Acquire North American Transformer

    MUSKEGON, Mich., Aug. 16 -- SPX Corporation today
announced it has signed a definitive agreement to purchase North American
Transformer Inc., from Rockwell International Corporation .  The
transaction is expected to be completed by the end of September, subject to
Hart Scott Rodino review.  Terms of the agreement were not disclosed.
    John B. Blystone, Chairman, President and CEO of SPX Corporation said,
"The combination of North American Transformer with our Waukesha Electric
Systems business will broaden our product and service offering, and position
the business for additional international expansion."
    Waukesha Electric is the leading manufacturer of medium-power transformers
in the U.S.  The business also supplies compact integrated substations and
surge arresters for electric utilities and industrial/commercial firms.
Waukesha Electric is based in Waukesha, Wisconsin.
    North American Transformer, located in Milpitas, California, manufactures
large-power transformers for the electric utility industry.  It is part of the
Rockwell Automation business unit.
    Rockwell is a $7 billion electronic controls and communications company
with global leadership positions in industrial automation, avionics and
communications, and electronic commerce.  The company employs about 40,000
people at more than 450 locations serving customers in more than 80 countries.
    SPX Corporation is a global provider of industrial products and services,
technical products and systems, service solutions and vehicle components.  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 Form 10-K for 1998 and the Company's 1999 Second Quarter Form
10-Q for discussion of certain important factors that relate to forward
looking statements contained in this press release.  Although the Company
believes that the expectations reflected in any such forward looking
statements are reasonable, it can give no assurance that such expectations
will prove to be correct.