Siemens Paves Way To Hive Off $18 Billion Healthcare Unit

This article was originally published here

(Reuters) – German engineering group Siemens will take a first major step on Wednesday to separate its 14 billion-euro ($18 billion) healthcare unit from the rest of the company, two sources with knowledge of the matter said on Tuesday.

Siemens fears large investments will be needed in the high-margin business as new diagnostic methods and new rivals such as Samsung heighten competition…

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply