If you import System.Text.RegularExpressions
result = Regex.Replace(Regex.Match(MyVar, "^\s*ENGINE\s+FAMILY\s+NAME.+?:\s+(?<family>^.+?$)", RegexOptions.Multiline Or RegexOptions.Singleline).Groups("family").ToString, "\s+", "")
If not
result = System.Text.RegularExpressions.Regex.Replace(System.Text.RegularExpressions.Regex.Match(MyVar, "^\s*ENGINE\s+FAMILY\s+NAME.+?:\s+(?<family>^.+?$)", System.Text.RegularExpressions.RegexOptions.Multiline Or System.Text.RegularExpressions.RegexOptions.Singleline).Groups("family").ToString, "\s+", "")
Or
Use an Assign activity each time I mention it and set the variable to the type beween parentheses.