SPX Gets Electronics Rights

G5's tire monitoring system is the prize.
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SPX

(SPW)

acquired the intellectual property and worldwide distribution rights to G5's tire pressure monitoring technology from G5 Electronics of Auburn Hills, Mich.

The terms of the deal were not disclosed.

"G5 is a leading supplier and innovator of hand held tire pressure monitoring system (TPMS) tools and is a great fit with our own existing TPMS technology, allowing SPX to offer a broad range of TPMS solutions to this fast-growing segment of the vehicle repair industry," the Charlotte, N.C.-based company said.

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