Varex Imaging Completes Acquisition Of PerkinElmer's Medical Imaging Business

　　SALT LAKE CITY, May 1, 2017 /PRNewswire/ -- Varex Imaging Corporation (Nasdaq: VREX) announced today it has completed the previously announced acquisition of the Medical Imaging business of PerkinElmer, Inc. (NYSE: PKI) 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. It is headquartered in Santa Clara, Calif. and has operations in Germany, the Netherlands and the United Kingdom, which combined have approximately 280 employees. This acquisition is expected to add approximately $140 million in annual sales and Varex believes it will be transformative to the company's digital detector operations, enabling the company to increase innovation, leverage its manufacturing scale and expand its cost leadership position.
　　"We are very excited about the opportunities and prospects of adding this imaging expertise into the Varex organization. I want to welcome our new employees to Varex and I look forward to having the combined team focused on integrating our operations to achieve our goal of producing the broadest, most cost-effective portfolio of components for the imaging industry," said Sunny Sanyal, Chief Executive Officer of Varex Imaging Corporation.