CHARLOTTE, N.C. (May 16, 2006) — SPX Corp. has acquired the intellectual property and worldwide distribution rights to G5 Electronics L.L.C.'s tire pressure monitoring system (TPMS) technology.
SPX Service Solutions, under parent SPX Corp., designs, manufactures and markets a family of brands providing special service tools, advanced diagnostic and shop equipment and technical information for vehicle servicing.
“G5 is a leading supplier and innovator of hand-held tire pressure monitoring system tools and is a great fit with our existing TPMS technology, allowing SPX to offer a broad range of TPMS solutions to this fast-growing segment of the vehicle repair industry,” said David Kowalski, president of the SPX test and measurement segment.