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SPX completes Teradyne acquisition

Charlotte-based manufacturer SPX Corp. today said it has completed the acquisition of Teradyne Diagnostics Solutions,

Terms of the deal were not disclosed.

Teradyne, based in Manchester, U.K., is a global supplier of diagnostic solutions for the transportation equipment business and automotive dealerships. The business SPX is acquiring has about 200 employees and generated about $40 million in revenue in 2010.

The acquisition includes operations in Manchester, England; Brussels; Munich; Detroit; and Tokyo.

SPX announced that it had entered into an agreement to acquire Teradyne Feb. 16.

Teradyne will operate within SPX’s test and measurement segment.

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