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
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.