Thermo Electron Sells Test and Measurement Business to SPX Corporation

21-Oct-2003

Thermo Electron Corporation announced that it has sold its test and measurement business to the Ling Dynamic Systems (LDS) business of SPX Corporation for an undisclosed cash amount. The Thermo business, formerly part of the company's Measurement and Control sector, had approximately $25 million in revenues in 2002.

Thermo's test and measurement business consists of high-performance data acquisition systems used in research, process maintenance, and physiological applications to measure various physical parameters such as stress, vibration, and temperature sold under the Nicolet and Gould brands. The sale included U.S. operations in Wisconsin and Ohio, and European facilities in France, Germany, the Netherlands and the U.K. The Nicolet line of spectroscopy systems, included in Thermo's Life and Laboratory Sciences sector, was not part of the sale.

Marijn E. Dekkers, president and chief executive officer of Thermo Electron, said, "We constantly evaluate our businesses to determine whether they fit our long-term strategy for growth. We believe this test and measurement business did not represent a strategic growth platform for Thermo and is, in fact, a much better fit with LDS's systems-analysis business."

SPX Corporation is a global provider of technical products and systems, industrial products and services, flow technology, and service solutions. Its LDS business designs and builds innovative vibration test systems, vibration controllers, and signal analyzers used by major manufacturers and test organizations in the aerospace, automotive, aviation, defense, and consumer electronics industries.

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Topic World Spectroscopy

Investigation with spectroscopy gives us unique insights into the composition and structure of materials. From UV-Vis spectroscopy to infrared and Raman spectroscopy to fluorescence and atomic absorption spectroscopy, spectroscopy offers us a wide range of analytical techniques to precisely characterize substances. Immerse yourself in the fascinating world of spectroscopy!

70+ products
40+ whitepaper
60+ brochures