Varian Medical Systems has agreed to acquire PerkinElmer’s medical imaging business for around $276m.
The acquired business will be integrated into Varian’s imaging components business, which is expected to become an independent public company in January 2017.
PerkinElmer's medical imaging business supplies digital flat panel X-ray detectors, which can be used as components for industrial, medical, dental and veterinary X-ray imaging systems.
Based in Santa Clara of US, the company carries out operations in Germany, the Netherlands and the UK. It has around 280 employees.
Varian’s imaging components business is engaged in the development and manufacturing of X-ray imaging components such as tubes and digital flat panel detectors and other image processing solutions for medical and industrial applications.
Subject to customary closing conditions, the deal is expected to complete in the first half of 2017.
Varian's imaging components business current president Sunny Sanyal said: "This is a natural fit for our Varex business with complementary digital imaging products that will serve to accelerate our profitable growth with more than $140m in new revenue.
“This acquisition would add new digital imaging technology to our portfolio that would enable us to offer customers a broader range of imaging solutions and provide us with additional cross-selling opportunities.”
PerkinElmer chairman and CEO Robert Friel said: “Combining our Medical Imaging business with Varex's capabilities will better position the business to support its customers and continue to innovate and develop new imaging systems.”
Image: Varian Medical Systems’ corporate headquarters. Photo: courtesy of Varian Medical Systems, Inc.