Teledyne to Acquire Varex Imaging in $1.1 Billion All-Cash Deal

Key Facts

1Teledyne Technologies agreed to acquire Varex Imaging for $18.90 per share in cash.

2The aggregate transaction value is approximately $1.1 billion, including net debt.

In a move reflecting continued M&A activity within the advanced technology sector, Teledyne Technologies has announced a definitive agreement to acquire Varex Imaging. Under the terms of the deal, Teledyne will purchase all outstanding shares of Varex for $18.90 per share in cash. The acquisition is designed to integrate Varex's specialized imaging components into Teledyne's broader technology and digital imaging portfolio.

The aggregate transaction value is approximately $1.1 billion, a figure that includes the assumption of net debt. This strategic move aligns with Teledyne's growth model of acquiring complementary businesses to scale its market presence. According to reports, the all-cash offer provides a clear premium for Varex shareholders while strengthening Teledyne's competitive positioning in the imaging hardware market.

Regarding market performance, TDY stock stood at $691.3 (close August 07, 2026) prior to the announcement. Traders are monitoring how the market absorbs this capital deployment, especially following recent US economic data where the ISM Manufacturing PMI was reported at 55.6, suggesting a supportive backdrop for industrial technology firms.

Sources:

businesswire.com