Teledyne Technologies has agreed to acquire Varex Imaging in a cash deal valued at nearly $1.1 billion. Teledyne will purchase all outstanding common shares of Varex for $18.90 per share, with the price including consideration of Varex's equity awards and net debt as of April 3, 2026. The transaction has been unanimously approved by both companies' boards and is expected to close in early 2027, pending regulatory and Varex stockholder approvals. Varex, which supplies X-ray sources and imaging software for medical diagnostic equipment, employs about 2,400 people across Asia, Europe, and North America.
Varex Imaging CorpVarex to be acquired at $18.90/share, a premium to market.
Teledyne Technologies IncorporatedTeledyne acquires Varex for $1.1B, expanding its imaging portfolio.
