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Siemens Healthineers gets CCI nod to acquire Varian Medical Systems

Ruchika SharmaWritten by Ruchika Sharma Published On 2021-02-11T12:05:39+05:30  |  Updated On 11 Feb 2021 6:35 AM GMT
Siemens Healthineers gets CCI nod to acquire Varian Medical Systems

"Commission approves acquisition of 100% shares & sole control of Varian Medical Systems by Siemens Healthineers," the regulator said in a tweet.

New Delhi: The Competition Commission of India (CCI) on Wednesday said it has given nod to acquisition of 100 per cent shares and sole control of Varian Medical Systems by Siemens Healthineers.As per a combination notice filed with the regulator, the transaction relates to the acquisition of 100 per cent shares of common stock and sole control of Varian by Siemens Healthineers Holding I...

New Delhi: The Competition Commission of India (CCI) on Wednesday said it has given nod to acquisition of 100 per cent shares and sole control of Varian Medical Systems by Siemens Healthineers.

As per a combination notice filed with the regulator, the transaction relates to the acquisition of 100 per cent shares of common stock and sole control of Varian by Siemens Healthineers Holding I GmbH, which is a wholly-owned subsidiary of Siemens Healthineers AG.

The proposed transaction will bring together Siemens Healthineers'' imaging equipment and Varian''s oncology treatment solutions, allowing for a more innovative, efficient and comprehensive oncology solutions provider, the notice said.

It will benefit cancer patients with improved treatments with the goal of ultimately turning cancer into a manageable disease, which is the driving rationale for the proposed transaction, it added.

"Commission approves acquisition of 100% shares & sole control of Varian Medical Systems by Siemens Healthineers," the regulator said in a tweet.

Read also: Eli Lilly, Asahi Kasei Pharma ink license agreement for chronic pain drug candidate

Besides, CCI approved subscription to securities of Ecom Express Pvt Ltd by CDC Group.

CDC is a development finance institution, wholly-owned by the UK government, while Ecom Express is engaged in providing third-party logistics services in India, as per a combination notice.

Read also: Advent International to acquire controlling stake in ZCL Chemicals at Rs 1,700 crore enterprise value



cci competition commission of india acquisition varian medical systems siemens healthineers cancer 
Source : PTI
Ruchika Sharma
Ruchika Sharma

    M.Com

    Ruchika joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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