CHARLOTTE, NC – SPX Corporation (NYSE:SPW) has entered into a definitive agreement to sell LDS Test and Measurement, its vibration testing and data acquisition equipment business unit, to Spectris for approximately $102 million.

The company’s LDS business unit was previously reported as a discontinued operation at the end of the first quarter 2008.

SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.

It employs more than 17,000 in 35 countries.

On the Web: www.spx.com

Southeast Venture Conference, February 29 – March 1, 2012 at the Ritz Carlton in Tysons Corner, VA – Where Smart Money Meets Smart People.
www.seventure.org

© 2008, TechJournal South. All rights reserved.