Acquiring Company
Teledyne Technologies
Acquired Company
Varex Imaging
Salt Lake CityManufacturingSoftwareManufacturingMedical DeviceImage RecognitionDescription
Teledyne Technologies has agreed to acquire Varex Imaging Corp. for approximately $1.1 billion in an all-cash transaction. The deal is expected to enhance Teledyne's medical imaging portfolio while concluding Varex's independence as a public company. The acquisition is subject to shareholder approval and regulatory clearances, with expected closure in early 2027. This merger will align two companies with complementary imaging technologies.
M&A Insights
Based on deal dataFrequently asked
Who acquired Varex Imaging?
Varex Imaging was acquired by Teledyne Technologies, based in Teledyne. The deal was reported on August 10, 2026. Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne Technologies is publicly traded (TDY) and operates in Manufacturing.
When did Teledyne Technologies acquire Varex Imaging?
Teledyne Technologies's acquisition of Varex Imaging was reported on August 10, 2026. Teledyne Technologies has agreed to acquire Varex Imaging Corp. for approximately $1.1 billion in an all-cash transaction. The deal is expected to enhance Teledyne's medical imaging portfolio while concluding Varex's independence as a public company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Varex Imaging do?
Varex Imaging Corp. specializes in X-ray tubes, digital detectors, and image-processing software for diagnostic imaging equipment. The company serves the medical, industrial, defense, and security markets. It is publicly traded (VREX), operating in Manufacturing, and is based in Salt Lake City.