SPX owns 97.53% of the shares in Aktiebolaget Custos

CHARLOTTE, North Carolina – 18 December 2006

On 8 November 2006, SPX Corporation (NYSE:SPW) (”SPX”), through its wholly owned subsidiary SPX Sweden AB, announced a recommended offer for all the shares in Aktiebolaget Custos (publ) (”Custos”) at a price of SEK 78 in cash for each share in Custos (the “Offer”).

On 4 December 2006, SPX declared the Offer unconditional and extended the acceptance period until 15 December 2006.

During the extended acceptance period, 244,014 shares were tendered in the Offer. Thus, in total 14,017,649 shares, representing 97.53 per cent of the total number of shares and votes in Custos, have been tendered in the Offer. With respect to shares tendered during the extended acceptance period, settlement will begin on or around 22 December 2006.

The Offer will not be extended further.

As previously announced, SPX has initiated compulsory acquisition of the outstanding minority shares in Custos. The shares in Custos will be de-listed from the Stockholm Stock Exchange on 29 December 2006.
Contacts
Jeremy W. Smeltser (Investors)
Tel: +1 704-752-4478
E-mail: investor@spx.com

Tina Betlejewski (Media)
Tel: +1 704-752-4454
E-mail: spx@spx.com