Siemens to Sell Life Support Systems to Getinge

To comply with requirements of the European Union (EU) anti-trust authority regarding a joint venture in the field of critical care, Siemens Medical Solutions (Erlangen, Germany) will sell its Life Support Systems division to Getinge AG (Stockholm, Sweden) for 200 million euros.

The products of Life Support Systems are used for maintaining vital patient functions. These products include anesthesia and respiratory systems used in the operating room and intensive care units. The division had sales of more than 200 million euros in 2002. Getinge will integrate Life Support Systems into its Surgical Systems division. Siemens announced the decision to divest its Life Support Systems in March 2003 to meet regulatory requirements established by the EU for the company's joint venture with Draegerwerk AG (Luebeck, Germany) in critical care.

"Our selection of investors focused primarily on a successful development of the business and a reliable partner for our customers,” said Dr. Erich R. Reinhardt, president and CEO of Siemens Medical Solutions.





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