Thermo Electron Sells Test and Measurement Business to SPX Corporation
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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