EC gives Siemens green light on Bayer acquisition

AuntMinnie.com staff writers
Oct 31, 2006

German industrial conglomerate Siemens reported that it has been given approval by the European Commission to acquire the diagnostics division of Bayer Healthcare without restrictions.

The Munich-based firm received approval for the acquisition from U.S. regulatory agencies in October this year.

The Bayer deal follows the company's purchase of the U.S. firm Diagnostic Products Corporation, which was completed at the end of July. Upon completion of the Bayer acquisition, which Siemens said is expected by early 2007, both companies will be merged and will operate as Siemens Medical Solutions Diagnostics, a U.S.-based subsidiary and part of Siemens Medical Solutions in Malvern, PA.

By AuntMinnie.com staff writers
November 1, 2006

Related Reading

Road to RSNA, Siemens Medical Solutions, October 31, 2006

Road to RSNA, Siemens Medical Solutions, October 30, 2006

Kodak PACS integrates Siemens' Fusion software, October 30, 2006

Road to RSNA, Siemens Medical Solutions, October 27, 2006

Road to RSNA, Siemens Medical Solutions, October 26, 2006

Copyright © 2006 AuntMinnie.com

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