EU Conditionally Clears Siemens Healthineers's Acquisition of Varian Medical
February 19 2021 - 10:53AM
Dow Jones News
By Joshua Stein
The European Commission said Friday that it has cleared Siemens
Healthineers AG's acquisition of U.S.-based Varian Medical Systems
Inc., but that the company must comply with conditions.
Siemens Healthineers agreed to continue adhering to industrywide
standards to ensure interoperability between its medical-imaging
technology and peers' radiotherapy solutions, and between its
radiotherapy solutions and imaging solutions of peers. It said it
would also provide relevant information and technical assistance to
third parties and customers.
The commission had concerns that the deal could lead to the
foreclosure of rivals in the European Economic Area and the U.K.
but said Siemens Healthineers' subsequent commitments, which will
run for 10 years and has an extension option of five years, fully
address the competition concerns.
Siemens Healthineers said Friday that the transaction was still
subject to regulatory approval in other countries. It expects to
close the acquisition, worth $16.4 billion, in the first half of
2021.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
February 19, 2021 10:38 ET (15:38 GMT)
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