SPX completes acquisition of automotive test supplier - Embedded.com

SPX completes acquisition of automotive test supplier

SPX Corp. has completed the acquisition of Teradyne Diagnostics Solutions, a supplier of diagnostic solutions for transportation OEMs and automotive dealerships which is based in Manchester, U.K.

The transaction includes operations in Manchester, Brussels, Munich, Detroit and Tokyo. The acquired business employs about 200 employees and generated approximately $40 million in revenue in 2010.

Teradyne Diagnostics Solutions will operate within SPX's Test and Measurement segment. SPX first announced that it had entered into a definitive agreement to acquire Teradyne Diagnostics Solutions in February.

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