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Diagnostic tools SPX profits shrink severely affected by the crisis

    In the 2009 financial crisis, this spring became a nightmare for many companies, stung the nerves of many enterprises. The stock market downturn,booster cables the deposit interest rates,battery clip reduced sales, lower profits and so on. This problem also plagued the car care industry.
    Chinese car care industry after 20 years of development, gradually onto the world stage, how much will a financial crisis on China to expand overseas car care affected. Although the external cause of the car care business is beneficiatow rope l, such as the Chinese companies the advantages of raw materials and labor, and the owner of the crisis slowed down the transfer rate, but increased the frequency of repair, etc., but these reasons do not translate into a profits on sales of businesses.
    China has always been the most extensive consumer market, particularly since 2009,ratchet tie dowm first quarter sales of domestic cars than the United States and Europe as the world's largest automotive consumer, the profits after the market is self-evident, many of the domestic gasoline Bao Dai companies to look into the country temporarily, value of the domestic market is not just car care business in China, there are many well-known foreign companies. In 2008 before the outbreak of the financial crisis to keep foreign companies enter the Chinese market and further market share. This stirred up a hurricane car care industry, of which there are 500 companies SPX Corporation (SPX). SPX's products include power plant cooling systems used for food and beverage manufacturing customers tailored processing equipment, and vehicle maintenance and repair used in handheld diagnostic tools.
    It is understood, SPX announced that it has lowered its first-quarter earnings forecast for the fiscal year and due to global economic recession has its demand for a variety of products produced damage. CEO - Chris Kearney (ChrisKearney) said in a statement: "The first quarter of the global economic environment continued to deteriorate. Our short-cycle fluid technology needs of the market than expected. In addition, the global automobile production and their sustained pressure dealer network, our tools and diagnostics business, revenue lower than expected.

    The company expects full-year earnings per share from continuing operations 4.40-4.80 U.S. dollars, lower than previously expected 5.40-5.80 dollars, and revenue is expected to drop 12-16% to 4.9 billion -51 billion. Also expects first-quarter earnings per share from continuing operations to reach the previously announced range of 75-85 cents lower end of the expected revenue over the same period will fall by about 14%.
文章47:
Anti-Road hunters SPX aftermarket in China.

    The case of the U.S. auto industry fell into a stalemate rescue, making the Detroit Big Three into the abyss. Meanwhile, the news also on the global automotive parts supplier would suffer. However, in the global auto industry looks devastated when a number of international auto parts giants have already raised the banner of the acquisition, will own their attention to China's automotive aftermarket, such as Bosch, SPX, etc., have acquired in China automotive aftermarket companies, to further gain market share.
    The case of the U.S. auto industry fell into a stalemate rescue, making the Detroit Big Three into the abyss. Meanwhile, the news also on the global automotive parts supplier would suffer. However, in the global auto industry looks devastated when a number of international auto parts giants have already raised the banner of the acquisition, will own their attention to China's automotive aftermarket, such as Bosch, SPX, etc., have acquired in China automotive aftermarket companies, to further gain market share.

    In the "buy the dips" team, the world's oldest German parts supplier Bosch Group's operations the most "publicity": they acquired Kinder instruments in China, in Brazil acquired a car diagnostic equipment, and began to increase after-sales network integration efforts, in order to expand market share.

    Previously, Franz, chairman of the Bosch Group. Fehrenbach to unashamedly said that this year sales of Bosch in China will reach about 250 billion yuan, representing an increase of 30%. Moreover, the Bosch Group is planned for 2008 to 2010 continue to increase investment in 850 million euros. To this end, Bosch and the Weifu set up a joint venture to supply products in China.

    Bosch Trading (Shanghai) Co., Ltd. accessories aftermarket An anonymous insider pointed out that, in fact, the Bosch Group has been in the country Choose a suitable acquisition targets, they want to market share increase from the existing 8% to about 10%. Vehicle Maintenance Industry Association, Kang Wenzhong also said that companies such as Bosch takeover, by acquiring domestic enterprises occupy the low-end market share, but also a development strategy.

    We all know, the car sales industry profits accounted for about 20% of profits, profits of parts suppliers accounted for about 20%, nearly 60% of the profits from the services. As one of many automobile manufacturers and their authorized service stations dedicated maintenance equipment, tools, the designated supplier SPX companies three months ago, announced the completion of the acquisition of Shenzhen car Boshi project. As a Shenzhen-based automotive diagnostic tools and equipment manufacturers, car Boshi company vehicle maintenance and repair of domestic markets. SPX auto service program, Asia Pacific president, said Wei Jian Sen, car Boshi products enrich the product line to expand its sales channels, the acquisition will accelerate the development of the company in the Chinese market and further expand the business, and gradually expand service markets throughout the Asia Pacific region business.

    In this regard, Guangzhou Automobile Industry Association, in charge of supplies parts key Zhong Lin said that the current diagnosis of major domestic auto companies is not much, basically located in Shanghai, Shenzhen and other places, transnational giants acquisitions will further strengthen the momentum of its monopoly.

    It is worth mentioning that a few parts giant Delphi Parts World, Continental and electrical equipment, are also planning the domestic low-end market. They are focused on developing low cost, cheap and strong use of "economic products" to attract China's car companies.
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SPX acquired to further expand the Asia Pacific market car Boshi
    Buy car Boshi SPX Corporation, Asia-Pacific region will further expand its product line and enhance service capabilities.

    Shanghai, China, September 1, 2008 - SPX Corporation (NYSE: SPW) today announced that its automotive service business unit has completed a program of car Boshi Electronic Technology Co., Ltd. Shenzhen acquisitions. Car Boshi is a company located in Shenzhen, China auto diagnostic tools and equipment manufacturers, the rapid growth of China's vehicle maintenance and repair markets.

    SPX automotive service program operations Wei Kin Sen President of Asia Pacific, said: "This investment demonstrates our strategy to accelerate the global market, particularly the development of the Chinese market and further expand business determination. We will rely on the good car Boshi to expand our brand in China and throughout the Asia Pacific region aftermarket business. We are very pleased to see the car Boshi's leadership team will continue to work together with us. "

    "Car Boshi series of products complements our existing product line, broadening the coverage of our sales channels, and accelerate our global R & D team developing the next generation of automotive diagnostic tools provide a good opportunity." Wei Jian Sen added.

    "We SPX cooperation in this transaction very happy." Car Boshi, Mr. Wen Shubin, former chairman of the board said, "I am pleased to see that the car Boshi by the company I founded in the rich SPX talented management team, led by further development, and my staff will receive a solid career development opportunities. "

    "Therefore my team can achieve their automotive service programs in the region become a preferred supplier of vision." Said Mr Wen added that he had agreed to act as a consultant for LANDesk.

    The terms of the deal were not disclosed.

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