Siemens Healthineers completes acquisition of Varian

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Siemens Healthineers completes acquisition of Varian

Press releases may be edited for formatting or style | April 15, 2021 Business Affairs Rad Oncology
Siemens Healthineers completes acquisition of Varian, strengthening its position as a holistic partner in healthcare

• Transformative combination accelerates the company's impact on global healthcare and establishes a strong partner for customers and patients along the entire cancer care continuum and for many of the most threatening diseases
• Varian becomes new business segment within Siemens Healthineers; important step in the implementation of its Strategy 2025
• Synergies of at least EUR 300 million per annum expected to be achieved in fiscal year 2025

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Siemens Healthineers AG (Frankfurt: SHL) today announced that it has successfully completed the acquisition of Varian Medical Systems, Inc. ("Varian"). The acquisition was previously announced on August 2, 2020.

"With Varian, Siemens Healthineers has the most comprehensive portfolio in the MedTech sector, which offers the company considerable potential for value creation. With a highly integrated approach, Siemens Healthineers will take the global fight against cancer to a new level," said Prof. Dr. Ralf P. Thomas, Chairman of the Supervisory Board of Siemens Healthineers AG.

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