# Teledyne Acquires Varex Imaging for $1.1 Billion, Expanding Oncology and Medical Imaging Footprint

> ma · REPORTED · 2026-08-10

Teledyne Technologies and Varex Imaging announced on August 10, 2026 a definitive agreement under which Teledyne will acquire all outstanding Varex common shares for $18.90 per share in cash, totaling approximately $1.1 billion. Varex supplies X-ray detectors for high-radiation oncology environments and advanced photon-counting detectors for healthcare and industrial inspection — capabilities Teledyne previously lacked — and the deal is expected to close in early 2027 pending regulatory and shareholder approvals.

About Teledyne Technologies: Varex Imaging Corporation is a leading manufacturer of X-ray sources, flat panel and photon-counting detectors, and imaging software used by global OEM manufacturers in medical diagnostic imaging, cancer radiotherapy, non-destructive inspection, and security applications.

- Company: Teledyne Technologies
- Sector: medical devices
- Primary source: https://www.teledyne.com/en-us/news/Pages/teledyne-to-acquire-varex-imaging-corporation.aspx

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