CHARLOTTE, N.C. (AP) -- SPX Corp. said Friday its Flow Technology segment has agreed to acquire the Anhydro business, a Danish producer of equipment that concentrates liquids and processes powders for the food, beverage and pharmaceutical industries.
Terms were not disclosed.
The deal includes all of Anhydro's business units except for its Danish Filter business, its Simatek subsidiary, and its German, U.K., and U.S. operations, as well as certain individual projects.
The businesses being acquired have 225 employees and are expected to generate 2010 full year revenue of about $105 million.
SPX, which makes a variety of products from cooling systems for power plants to food processing components, said the acquisition is expected to close in the third quarter.
Shares of SPX rose 28 cents to $57.75 in morning trading Friday.