Teledyne Technologies (TDY) Agrees $1.1 Billion Imaging Deal To Deepen X Ray Reach

Teledyne Technologies (NYSE: TDY) agreed to acquire Varex Imaging for US$1.1b, expanding its X ray and CT detector portfolio. The deal adds photon counting CT detector technology and oncology detectors to Teledyne's medical imaging capabilities. Both companies' boards unanimously approved the transaction, which involves minimal technology overlap and targets global OEM customers. This move by Teledyne Technologies highlights how digital imaging and healthcare instrumentation tie into...