Varian acquires Chinese medical equipment distributor

16 January 2008

Varian Medical Systems has taken over the largest independent distributor of medical x-ray tubes in China, Pan-Pacific Enterprises, for the purpose of marketing, sales, and distribution of Varian x-ray imaging products in China.

Varian is acquiring the privately held business for approximately $2 million in cash plus an additional amount based on achievement of specified milestones. Pan-Pacific has been an independent distributor of imaging components, including Varian x-ray tubes, in China since 1991.

"This acquisition significantly enhances the Varian sales channel for x-ray tubes and flat panel image detectors in China," said Bob Kluge, President of Varian Medical Systems' X-Ray Products business. "We intend to grow our X-Ray Products business in China and the experienced Pan-Pacific team will be instrumental in helping us achieve that objective."

Pan-Pacific Enterprises, which has approximately 30 employees working at facilities in Beijing and Shanghai, will operate within Varian's X-Ray Products business segment.