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SPX to buy Teradyne division

Charlotte-based SPX Corp. today said it has entered into an agreement to buy the assets of U.K.-based Teradyne Inc.’s Diagnostics Solutions division.

The terms of the purchase were not disclosed.

Diagnostics Solutions has operations in Manchester, Brussels, Munich, Detroit and Tokyo. It has about 200 employees.

Following the purchase, which is expected to take place no later than the second quarter of 2011, TDS will become part of SPX Service Solutions within SPX’s Test and Measurement segment.

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