Pursuits
Samsung in Talks to Buy X-Ray Makers to Take on GE, Siemens
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Samsung Electronics Co., whose empire ranges from memory chips to televisions, is in talks to buy makers of MRI scanners and X-ray machines to challenge General Electric Co. and Siemens AG in medical equipment.
Samsung is in “contact” with some companies, Senior Vice President Jo Jae Moon, who leads a team of medical-equipment developers, said in an interview in Seoul on July 15, without elaborating on the potential targets. The company has said it plans to spend 1.2 trillion won ($1.1 billion) in the medical-equipment business by 2020.