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Mergers & Acquisitions

Varian Medical Systems announces intent to acquire ACCEL Instruments for $30 million

Published in Cancer Weekly, January 30th, 2007

Varian Medical Systems, Inc., (VAR) announced it has signed an agreement to acquire ACCEL Instruments GmbH, a privately held supplier of proton therapy systems for cancer treatment and scientific research instruments.

The acquisition will enable Varian to offer products for delivering image-guided, intensity modulated proton therapy for selected cancer patients. Varian will invest approximately $30 million to acquire 100% of ACCEL, including its debt.

ACCEL has commissioned its newly developed superconducting medical cyclotron for proton therapy at the Paul Scherer Institute outside Zurich, Switzerland. Work is nearing completion on another...

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