Varian Medical Systems history

1959: The firm creates an electronic vacuum pumps business division.

Varian had about $640 million in sales in 1981 from its growing and diversified high-tech product lines.

In another bid to bring its balance sheet in line with its technological ability, Varian brought in a new president in 1982, Thomas Sege.

1989: While sales reach $1.3 billion, Varian is plagued with integration problems and spotty profits.

Phase two of the process, which was started in 1992, was a long-term goal of significantly improved quality and service.

1994: Varian posts record sales and earnings.

Overall, sales were down nearly 11 percent in 1998 because of the slump in the market.

In 1999, after spinning off its instrument and semiconductor units, it was renamed Varian Medical Systems, a multinational organization focusing on products for radiotherapy, radiosurgery, and X-ray imaging.

2001: Varian, Inc. grows through acquisition and remains committed to developing its life sciences business.

As of the end of 2006, the company had more than $1.6 billion in sales, and employed more than 4,200 employees in 56 sales and support offices around the world as well as in manufacturing and R&D operations in Canada, China, England, Finland, France, Germany, Switzerland, and the United States

On January 30, 2017, spin-off of Varex Imaging Corporation (manufacturing of X-ray imaging products) from Varian Medical Systems had been successfully completed.

In January 2018, the company announced the acquisition of Sirtex Medical for $1.3 billion.