# Teledyne Agrees to Acquire Varex Imaging for $1.1 Billion in Major Medical Imaging Deal

> ma · REPORTED · 2026-08-10

Teledyne Technologies entered a definitive agreement on August 10, 2026 to acquire Varex Imaging Corporation for $18.90 per share in cash, representing an approximately 88% premium, in a deal valued at roughly $1.1 billion unanimously approved by both boards. The acquisition gives Teledyne control of the world's only commercially ready independent supplier of photon-counting CT detector technology and expands its oncology imaging capabilities, with closing targeted for early 2027 pending regulatory and Varex shareholder approval.

About Teledyne Technologies / Varex Imaging: Varex Imaging is a Salt Lake City-based manufacturer of X-ray sources, digital X-ray detectors, and photon-counting CT components used in medical diagnostic imaging, oncology, and industrial inspection by major OEMs including GE HealthCare, Siemens Healthineers, and Philips.

- Company: Teledyne Technologies / Varex Imaging
- Sector: medical devices
- Primary source: https://www.medtechdive.com/news/teledyne-inks-11b-takeover-of-varex-imaging/827526/

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Source: MedFuel Intel news monitor. Verification tier: REPORTED. Informational only, not investment advice. Corrections: media@medfuelinc.com.