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Siemens takes action for biggest purchase of the year

by Maraaz August 3, 2020, 3:30 PM 29.9k Views

Siemens Healthineers is preparing to purchase US Varian Medical, which develops medical tools and software for cancer treatment, for $ 16.4 billion.

Germany-based Siemens Healthineers is preparing to make a big purchase.

According to the news in Bloomberg, the company is preparing to purchase Varian Medical, which develops tools and software for cancer treatment, for $ 16.4 billion.

In the same news, it was underlined that the negotiations between Siemens and the US firm have reached the final stage.

If the 16.4 billion dollar agreement is signed, this agreement will be recorded as the biggest purchase of 2020. However, he was not willing to make an official statement regarding the purchasing news in the two companies.

Varian, based in California, with approximately 10,000 employees, is working on innovative cancer treatments based in Palo Alto. Varian generated $ 3.2 billion in revenue in 2019.