Companies

Siemens Healthcare merges with Siemens

PTI New Delhi | Updated on March 15, 2011

Siemens Healthcare Diagnostics has merged with Siemens Ltd with effect from March 14, 2011.

“With effect from March 14, 2011, the company stands amalgamated with Siemens and the legal entity of the company stands dissolved without winding up,” Siemens Healthcare Diagnostics said in a filing to the Bombay Stock Exchange today.

It further added that the entire business and undertaking of the company gets transferred to and in the name of Siemens Ltd.

The company and Siemens Ltd have filed a certified copy of the respective orders of the Bombay High Court and the Gujarat High Court with the concerned Registrars of Companies on March 14, 2011.

In an earlier filing to the BSE, it had said that the amalgamation was to be effective only after the certified copies of the orders of both the High Courts were filed with the respective Registrars of Companies.

Siemens Ltd is the Indian arm of Siemens AG, a German infrastructure solutions company, which recently announced an open offer to buy nearly 20 per cent stake in Siemens Ltd at Rs 930 per share, translating into a total cost of Rs 6,200 crore.

Meanwhile, the shares of Siemens Healthcare Diagnostics were being quoted at Rs 1,718 in the afternoon trade on the BSE today, up 2.8 per cent from the previous close.

Published on March 15, 2011

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