Teledyne agrees to acquire Varex Imaging for $1.1bn

Teledyne Technologies agreed to acquire Varex Imaging for approximately $1.1 billion in an all-cash transaction. Varex, a supplier of X-ray imaging components and subsystems used in medical, industrial, and security applications, becomes part of Teledyne's portfolio. The deal expands Teledyne's presence in medical imaging technology and component supply.