Nov 4 (Reuters) - German engineering groupSiemens will take a first major step on Wednesday toseparate its 14 billion-euro ($18 billion) healthcare unit fromthe company, two sources with knowledge of the matter said onTuesday.
Siemens' supervisory board will decide on the creation ofnew healthcare country units, including in Germany, capable ofholding licences for products such as imaging equipmentindependently of Siemens AG, said one of the sources.
Siemens fears large investments will be needed in thehigh-margin business as new diagnostic methods and new rivalssuch as Samsung heighten competition withtraditional rivals like General Electric and Philips.
The Munich-based company declined to comment. (Reporting by Georgina Prodhan; Editing by Christoph Steitz)
Siemens' supervisory board will decide on the creation ofnew healthcare country units, including in Germany, capable ofholding licences for products such as imaging equipmentindependently of Siemens AG, said one of the sources.
Siemens fears large investments will be needed in thehigh-margin business as new diagnostic methods and new rivalssuch as Samsung heighten competition withtraditional rivals like General Electric and Philips.
The Munich-based company declined to comment. (Reporting by Georgina Prodhan; Editing by Christoph Steitz)
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