M&A Deal Summary

Varex Imaging Acquires Direct Conversion AB

On March 21, 2019, Varex Imaging acquired medical products company Direct Conversion AB for 75M USD

Acquisition Highlights
  • This is Varex Imaging’s 1st transaction in the Medical Products sector.
  • This is Varex Imaging’s largest (disclosed) transaction.
  • This is Varex Imaging’s 1st transaction in Sweden.

M&A Deal Summary
Date 2019-03-21
Target Direct Conversion AB
Sector Medical Products
Buyer(s) Varex Imaging
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Direct Conversion AB

Danderyd, Sweden
website
Direct Conversion AB is a manufacturer of CdTe detectors under its Ajat and XCounter brands, Direct Conversion provides innovative linear array digital detector products that are incorporated into imaging systems used globally by a broad range of medical and industrial customers: systems used by orthodontists, orthopedic radiographers, oil & gas engineers, food packagers and nuclear site inspectors. Direct Conversion was founded in 1997 and is based in Danderyd, Sweden.

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Buyer(S) 1

Buyer

Varex Imaging

Salt Lake City, Utah, United States

website

Category Company
Founded 2016
Sector Medical Products
Employees2,300
Revenue 859M USD (2022)
DESCRIPTION

Varex Imaging is a designer and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors, and other image processing solutions that are key components of X-ray imaging systems. Varex Imaging was founded in 2016 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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