# Teledyne acquisition of Varex Imaging

> Live situation record from CLSTR: https://clstr.news/situations/teledyne-acquisition-of-varex-imaging
> Updated: 2026-08-17T06:24:39.000Z. Sources: 5. Developments: 2.

Teledyne Technologies has entered into a definitive agreement to acquire Varex Imaging Corporation in an all-cash transaction valued at approximately $1.1 billion. The deal, which involves a payment of $18.90 per share, has received unanimous approval from the boards of directors of both companies.

The acquisition is intended to expand Teledyne’s medical imaging portfolio by integrating Varex’s specialized technology, including X-ray tubes, digital detectors, and photon-counting detectors. Teledyne Chairman Robert Mehrabian stated that the companies’ product lines are complementary with “minimal overlap,” noting that Varex’s expertise in high-radiation environments, such as oncology, will enhance Teledyne’s existing capabilities.

The transaction is expected to close in early 2027, subject to shareholder approval and regulatory clearances.

## Timeline

### 2026-08-17: Teledyne to acquire Varex Imaging for $1.1 billion

Teledyne Technologies will acquire Varex Imaging in an all-cash deal valued at approximately $1.1 billion to expand its medical imaging and X-ray detector capabilities.

2 sources. https://clstr.news/cluster/teledyne-to-acquire-varex-imaging-for-11-billion

### 2026-08-10: Teledyne to acquire Varex Imaging in $1.1 billion deal

Teledyne Technologies will acquire Varex Imaging Corp. in a $1.1 billion all-cash deal, expanding Teledyne's medical and industrial imaging capabilities.

3 sources. https://clstr.news/cluster/teledyne-to-acquire-varex-imaging-in-11-billion-deal

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Cite as: Teledyne acquisition of Varex Imaging. CLSTR, https://clstr.news/situations/teledyne-acquisition-of-varex-imaging