Teledyne agrees to buy Varex Imaging for USD 18.9 a share in USD 1.1 billion deal
TDY•Closing expected in early 2027
Closing is expected in early 2027, subject to regulatory clearances and a Varex shareholder vote.
Deal adds X-ray and imaging technologies
The deal adds X-ray tubes, high-radiation detectors, photon-counting detectors, high-voltage interconnects, and imaging software.
Teledyne said the acquisition supports a broader healthcare and industrial imaging portfolio with limited product overlap.
Teledyne to acquire Varex Imaging for cash
Teledyne agreed to buy Varex Imaging for USD 18.9 per share in cash, valuing the deal at about USD 1.1 billion.
The valuation includes Varex equity awards and net debt as of April 3, 2026.
