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agreed to buy Telequip, a Salem, N.H., coin dispensing outfit, for about $45 million in cash.

The company expects the deal to close in about two weeks. Telequip is expected to have sales of about $23 million in 2006.

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"We expect this acquisition will be neutral to our earnings in 2006," the company said.

This story was created through a joint venture between and IRIS.