Varex Imaging Corporation announced that it has completed the acquisition of the Medical Imaging business of PerkinElmer Inc. for $276 million in cash, subject to post-closing adjustments. The acquired business develops, manufactures and sells digital detectors that are key components in medical and industrial X-ray imaging systems made by global OEM manufacturers. In connection with the closing of the acquisition of the Business, effective May 2, 2017: Richard E. Colbeth, Varex’s former Senior Vice President and General Manager, X-ray Detectors, assumed the role of Varex’s Senior Vice President of Engineering, X-ray Detectors; and Dr. Brian Giambattista, the former President of PKI’s Medical Imaging business, was appointed as Varex’s Senior Vice President and General Manager, X-ray Detectors.
Varex Imaging Corporation is a designer and manufacturer of X-ray tubes, digital detectors and other image processing solutions. The Company operates through two segments: Medical and Industrial. The Medical segment designs, manufactures, sells and services X-ray imaging components, including X-ray tubes, digital detectors, ionization chambers and buckys, high voltage connectors, image-processing software and workstations, three-dimensional (3D) reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers. These components are used in a range of medical imaging applications. The Industrial segment designs, develops, manufactures, sells and services X-ray imaging products for use in a number of markets, including security applications for cargo screening at ports and borders and baggage screening at airports, and nondestructive testing, irradiation and inspection applications used in various other markets.
VAREX IMAGING CORPORATION 
