Teledyne agrees to acquire Varex Imaging for $1.1bn

Salong Debbarma

Tue, August 11, 2026 astatine 6:08 AM CDT 2 min read

Teledyne Technologies has entered a definitive statement to acquisition Varex Imaging successful a currency transaction valued astatine astir $1.1bn.

Under the presumption announced by some companies, Teledyne volition acquisition each outstanding communal shares of Varex for $18.90 per share.

The agreed terms includes information of Varex's equity awards and nett indebtedness arsenic of 3 April 2026. The transaction has been approved unanimously by the boards of directors of some parties.

Varex Imaging provides X-ray sources and imaging bundle to archetypal instrumentality manufacturers worldwide. Its products are utilized successful aesculapian diagnostic imaging.

Varex president, CEO and manager Sunny Sanyal said: "Joining Teledyne marks an breathtaking caller section for Varex. This transaction provides a important premium for our shareholders and breathtaking opportunities for our customers and employees crossed the aesculapian and concern markets we serve.

"Our X-ray technologies acceptable people alongside Teledyne's merchandise portfolio, and its resources volition assistance america accelerate adoption of our precocious imaging solutions, and improvement of the adjacent procreation of products."

Completion of the acquisition is targeted for aboriginal 2027, pending customary closing conditions, including regulatory approvals and support from Varex's stockholders.

Teledyne enforcement president Robert Mehrabian said: "Nearly 10 years ago, we expanded our beingness with the acquisition of Teledyne e2v successful 2017, a semipermanent supplier of magnetrons to crab radiotherapy OEMs.

"Nevertheless, portion Teledyne and Varex service akin customers with related technologies, our products are uniquely complementary with minimal overlap."

Evercore is serving arsenic exclusive fiscal advisor and Orrick, Herrington & Sutcliffe arsenic ineligible counsel to Varex. Legal proposal to Teledyne is being provided by Latham & Watkins alongside McGuireWoods.

Varex Imaging employs astir 2,400 radical crossed Asia, Europe, and North America.

"Teledyne agrees to get Varex Imaging for $1.1bn" was primitively created and published by Medical Device Network, a GlobalData owned brand.