News | December 25, 2007

Varian Inks Distributor Agreement with Pan-Pacific Enterprises

December 26, 2007 - Varian Medical Systems has acquired Pan-Pacific Enterprises Inc., an independent distributor of medical X-ray tubes in China, for approximately $2 million in cash plus an additional amount based on achievement of specified milestones, for the purpose of marketing, sales, and distribution of Varian X-ray imaging products in China.

Pan-Pacific has been an independent distributor of imaging components, including Varian X-ray tubes in China since 1991. The company, which has approximately 30 employees working at facilities in Beijing and Shanghai, will operate within Varian's X-ray products business segment.

Details of the financial transaction are not being disclosed, but Varian expects that Pan Pacific acquisition will be about neutral to earnings per diluted share in fiscal 2008.

For more information: www.varian.com

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