Siemens 2006 Annual Report Download - page 19

Fit4More 19
What does Siemens expect
from its acquisitions of Diag-
nostic Products Corporation
and Bayer Diagnostics?
These acquisitions will make
our Medical Solutions Group
the world's first provider of
integrated diagnostics – com-
bining imaging diagnostics,
laboratory diagnostics and
clinical information technology
under one roof. The resulting
efficiencies will enable our
customers to considerably
increase the quality of the
healthcare they provide while
cutting clinical and administra-
tive costs. The acquisitions will
also make Medical Solutions
the No. 2 provider of immuno-
diagnostics worldwide.
Strategic portfolio development
We want to occupy leading positions in all
our markets. That’s the only way we can
ensure continued profitability when the
going gets tough. In areas where we don’t
have the resources to do this on our own,
we endeavor to find strong partners. For
example, we’re now in the process of
folding our Communications Group’s
carrier business into a joint venture with
Nokia. The new company, Nokia Siemens
Networks, will be a telecommunications
powerhouse with good prospects for cap-
turing the No. 1 position in its market. The
sale of our mobile handset activities, the
sale of the product-related services busi-
ness of Siemens Business Services to Fujit-
su Siemens Computers, and the restruc-
turing of our Logistics and Assembly
Systems Group were also key steps in the
strategic development of our portfolio.
We’re strengthening the businesses of
our market-leading Groups through both
acquisitions and organic growth. Our
acquisitions of Bayer Diagnostics and the
Diagnostic Products Corporation will make
our Medical Solutions Group the world’s
first provider of integrated diagnostics.
The acquisition of Electrium has made
our Automation and Drives Group one of
the UK’s leading providers of electrical
installation systems and increased our
access to key Middle East markets. Acquir-
ing Wheelabrator, the Advanced Burner
Group and the technology and engineer-
ing activities of the Sustec Group has fur-
ther expanded our Power Generation
Group’s product and service portfolio in
the growing market for eco-friendly pow-
er generation. With its acquisitions of CNC
Water Technologies, Sernagiotto Tech-
nologies and Monosep Corporation, our
Industrial Solutions and Services Group
can now offer complete solutions for the
entire water and wastewater treatment
sector. And the acquisition of VA Tech has
given us additional expertise in the metal-
lurgy field while enabling us to expand