Add-on Acquisition • Medical Products

Siemens Healthineers Acquires Varian Medical Systems

On August 2, 2020, Siemens Healthineers acquired medical products company Varian Medical Systems for 16.4B USD

Acquisition Context

This is Siemens Healthineers’ 1st transaction in the Medical Products sector.
This is Siemens Healthineers’ largest (disclosed) transaction.
This is Siemens Healthineers’ 2nd transaction in the United States.
This is Siemens Healthineers’ 1st transaction in California.

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M&A Deal Summary
Date	August 2, 2020
Target	Varian Medical Systems
Sector	Medical Products
Buyer(s)	Siemens Healthineers
Deal Type	Add-on Acquisition
Deal Value	16.4B USD

Target Company

Varian Medical Systems

Palo Alto, California, United States

Varian's corporate headquarters in Palo Alto, California.

Varian Medical Systems is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers and medical oncology practices. Varian is a supplier of tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. Varian Medical Systems was formed in 1948 and is based in Palo Alto, California.

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