Varian finishes Accel deal

AuntMinnieEurope.com staff writers
Jan 29, 2007

Radiation therapy firm Varian Medical Systems has finalized its acquisition of German scientific research instruments and proton therapy systems developer Accel Instruments.

Varian paid approximately $30 million to acquire the Bergisch Gladbach-based firm, which has approximately $30 million in annual revenues. The Palo Alto, CA-based company said it expects Accel's operations to reduce earnings per diluted share by 6¢ to 7¢ in fiscal 2007, be about neutral in fiscal year 2008, and accretive thereafter.

The business will report to Varian Vice President Lester Boeh.

By AuntMinnie.com staff writers
January 30, 2007

Related Reading

Varian reports solid Q1, January 25, 2007

Varian notches multilinac install in London, January 16, 2007

Varian to acquire Accel Instruments, January 4, 2007

Varian takes Trilogy to Mumbai, December 14, 2006

Varian to bring Clinac to Sri Lanka, December 12, 2006

Copyright © 2007 AuntMinnie.com

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