SPX Corporation (NYSE: SPXC) is, along with its subsidiaries, a diversified, global supplier of infrastructure equipment with scalable growth platforms in heating, ventilation and air conditioning (HVAC), detection and measurement, and engineered solutions. With operations in 15 countries and approximately $1.5 billion in annual revenue, we offer a wide array of highly engineered products with strong brands.
HVAC solutions offered by our businesses include cooling towers, residential and commercial boilers and comfort heating products. Our detection and measurement products encompass underground locators and inspection equipment, fare collection systems, communication technologies and specialty lighting. Within our engineered solutions platform, we are a leading manufacturer of medium and large electrical transformers, as well as cooling towers and heat exchangers for industrial applications.
Our business strategy is focused on driving growth in our HVAC and detection and measurement businesses through new product innovation; geographic and channel expansion; entry into adjacent markets and targeted strategic initiatives. In addition to leveraging our scalable growth platform in HVAC and detection and measurement, we are focused within our engineered solutions businesses on taking advantage of our leading engineering and manufacturing expertise to decrease costs and increase efficiency. This ensures that we are well-positioned to benefit from future global infrastructure investment.
Meeting the needs of a rapidly changing world while maintaining today’s existing infrastructure is a challenge that inspires everything we do. We bring creativity, an entrepreneurial spirit and an unwavering commitment to surpassing our customers’ needs for safe, reliable and efficient solutions. Our innovative, customer-centric approach to solving critical business and societal needs is based on our decades of industry expertise and a proven track record of delivering highly engineered, reliable products that meet our customers' high standards. It is with this commitment that we continuously pursue new and better ways of collaborating with our customers around the world to help them grow and drive their businesses forward.
Based in Charlotte, North Carolina, SPX Corporation employs approximately 5,000 people worldwide.