Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties
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.
