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EU To OK Siemens Healthineers’ $16.4B Varian Buy

 |  February 15, 2021

EU antitrust regulators are set to grant conditional clearance to German health group Siemens Healthineers’ US$16.4-billion bid for US peer Varian Medical Systems, reported Reuters.

The EU green light will come after Siemens Healthineers last month offered concessions to address competition concerns about interoperability, the sources said. Such a measure enables computer systems and software to work with each other.

The acquisition seeks to create a multi-disciplinary healthcare company with a comprehensive cancer care portfolio. The transaction is expected to close in the first half of this year. In October last year, Varian shareholders had also approved the transaction.

Varian is a developer of oncology care technologies and solutions while Siemens Healthineers is a medical technology company whose portfolio includes imaging and diagnostic systems and advanced therapy systems including angiography systems and computed tomography (CT) systems.

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