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The transaction has a value of approximately $7 billion.
Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 475,000 employees (incl. discontinued operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in over 190 countries. Founded more than 160 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2006 (ended September 30), Siemens had sales of euro 87.3 billion and net income of euro 3.033 billion, according to U.S. GAAP. Further information is available on the Internet at: http://www.siemens.com.
Siemens Medical Solutions of Siemens AG (NYSE: SI) is one of the
world's largest suppliers to the healthcare industry. The company is known
for bringing together innovative medical technologies, healthcare
information systems, management consulting, and support services, to help
customers achieve tangible, sustainable, clinical and financial outcomes.
Recent acquisitions in the area of in-vitro diagnostics -- such as
Diagnostic Products Corporation and Bayer Diagnostics -- mark a significant
milestone for Siemens as it becomes the first full service diagnostics
company. Employing more than 41,000
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