Signify Premium Insights: Analysis of Siemens’ Acquisition of Varian
Published: August 6, 2020
- Siemens Healthineers and Varian Medical announce $16.4B deal in all-cash transaction on 2nd August 2020
- Deal expected to close in 1H 2021
- Varian Medical will maintain brand name and operate “independently”
- Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as part of transaction
News of the deal between Siemens Healthineers and Varian Medical will have caught many industry onlookers off guard on Sunday evening. Flotation of the Healthineers business segment on the German stock market raised a few eyebrows back in 2017, but with Siemens AG retaining 85% of the stock, many observers postulated little change to the fortunes of the well-known business; an unwieldy technical hardware leader facing an uphill battle in an increasingly digital market.
However, the Varian deal has just made it very clear that Siemens Healthineers has emerged from the IPO with big ambitions and firepower to match. So, what does this mean for the future?
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