SPX Bids for Swedish Outfit

It wants to pay $155 million for Custos.
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SPX

(SPW)

began a tender offer to buy Sweden's Custos for $155.3 million.

The Charlotte, N.C.-based company says Custos, which has annual revenue exceeding $105 million, will operate within the SPX flow technology segment.

The company's shares were trading up 11 cents at $59.54 Wednesday.

This story was created through a joint venture between TheStreet.com and IRIS.