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Teradyne Announces Sale of Automotive System Test Unit

Feb 21, 2011

NORTH READING, MA - Teradyne, Inc. (NYSE: TER) announced today that it has reached an agreement to sell its Automotive Diagnostic Solutions unit to SPX Corporation. Diagnostic Solutions, which serves transportation OEMs, tier-one suppliers and independent service providers is based in Manchester, England and has other major operations in Munich and Detroit. The terms of the sale were not disclosed. Completion of the transaction is expected no later than the second quarter 2011.

"We're pleased to enter an agreement which will connect Diagnostic Solutions to a leader in the automotive test market where their technology and customer base can be further leveraged"

"We're pleased to enter an agreement which will connect Diagnostic Solutions to a leader in the automotive test market where their technology and customer base can be further leveraged," said Mike Bradley, Teradyne President and CEO. "Diagnostic Solutions is a good fit with SPX and we wish the combined team great success."

Teradyne (NYSE:TER) is the leading supplier of Automatic Test Equipment used to test complex electronics used in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries. In 2010, Teradyne had sales of $1.6 billion and employs about 3,000 people worldwide. For more information, visit http://www.teradyne.com. Teradyne(R) is a registered trademark of Teradyne, Inc. in the U.S. and other countries.

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