Teledyne Technologies to acquire Varex Imaging for $1.1 billion

Teledyne Technologies has agreed to acquire Varex Imaging Corporation for $1.1 billion, the company announced. Varex manufactures X-ray tubes, digital X-ray detectors, high-voltage interconnects, and imaging software for medical diagnostic imaging, industrial inspection, security, and analysis applications. Teledyne said its X-ray detector technology and Varex's products are complementary, with Varex providing detectors for high-radiation environments such as oncology and advanced photon counting detectors that Teledyne does not produce.