Teledyne to Acquire Varex Imaging for $1.1 Billion to Boost X-Ray Capabilities

Key Facts

In a move reflecting strategic expansion within the medical technology sector, Teledyne Technologies has announced a definitive agreement to acquire Varex Imaging. Under the terms of the deal, Teledyne will pay $18.90 per share in cash, valuing the total acquisition at approximately $1.1 billion. According to reports, the transaction is designed to strengthen the company’s X-ray capabilities and broaden its footprint in the healthcare equipment market.

The acquisition comes as Teledyne seeks to leverage Varex's specialized imaging technology at a valuation multiple below Teledyne's own median. The deal is projected to be value-accretive for shareholders by integrating technical expertise in the healthcare segment. Per market data, TDY shares finished at $690.25 at the close of August 10, 2026, having traded between a day low of $689.64 and a high of $697.67.

Traders are currently watching for TDY to maintain stability above the $689.64 support level established at the close of August 10, 2026. Looking ahead, while the economic calendar shows no immediate catalysts specifically for the healthcare tech sector, broader market sentiment may be influenced by upcoming trade balance data and scheduled speeches from Federal Reserve officials.