In addition, The New York Times has recently reported that Siemens AG has agreed to sell its Siemens VDO unit to Continental AG for approximately $16 billion. The transfer of Siemens VDO and the acquisition of U.S.-based Dade Behring are the first major decisions made by Loescher, who took control of Siemens AG at the beginning of the month, replacing Klaus Kleinfeld.
Siemens Medical Solutions of Siemens AG 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 people worldwide and operating in over 130 countries, Siemens Medical Solutions reported sales of [Euro]8.23 billion, orders of [Euro]9.33 billion and group profit of [Euro]1.06 billion for fiscal 2006 (Sept. 30), according to U.S. GAAP. Further information can be found by visiting www.siemens.com/medical.
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With 2006 revenue of more than US$1.7 billion, Dade Behring offers a wide range of products, systems and services designed to meet the day-to-day needs of clinical laboratories, delivering innovative solutions to customers and enhancing the quality of life for patients. Additional company information is available on the Internet at www.dadebehring.com.
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