trending Market Intelligence /marketintelligence/en/news-insights/trending/ZmCPyV86MHAdiy_ktUwqqw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Varex Imaging to buy Swedish digital X-ray imaging company

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Varex Imaging to buy Swedish digital X-ray imaging company

Varex Imaging Corp. is acquiring at least 90% of Direct Conversion AB (publ)'s outstanding common shares.

The Stockholm-based company manufactures and markets linear array digital detector products for imaging systems used by the medical, dental and industrial markets.

Under the deal, Varex Imaging will pay €75 million for 100% of Direct Conversion, subject to customary adjustments. Varex said €10 million of the purchase price will be paid in common stock or cash a year after the deal's completion.

Closing is expected to occur in the third quarter of the current fiscal year. The transaction will be financed through available cash and debt under Varex Imaging's existing credit facility.

The acquisition is projected to be accretive to Varex Imaging's adjusted EPS in fiscal year 2020 and to generate a return on invested capital more than the cost of capital within three years. In addition, the deal will expand its product portfolio which will include new linear array digital detectors.

Salt Lake City-based Varex Imaging supplies medical X-ray tubes and image processing solutions.