Teledyne to acquire X-ray component maker Varex Imaging for $1.1 billion

Teledyne will acquire Varex Imaging for $1.1B, adding X-ray tubes and photon-counting detectors to its medical imaging portfolio. The deal, expected to close early 2027, may accelerate next-gen imaging technology for radiologists.

• The acquisition combines Teledyne's CMOS-based low-dose detectors with Varex's high-radiation environment detectors and photon-counting technology.
• Teledyne will pay $18.90 per share in cash, with unanimous board approval from both companies, targeting an early 2027 close.

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