FRANKFURT (Reuters) - General Electric plans to make acquisitions in Germany to raise its market share in CAT scan and MRI technology, the company's new Germany chief told a magazine.
"Especially in the high-end segment we want to double, in some areas even triple, our market share," Volker Wetekam told Wirtschafts Woche weekly, according to an excerpt of an article to be published on Monday.
He said the company plans to spend a "considerable" sum on acquisitions, without elaborating.
"We are looking for companies that move us forward in terms of technology, not just in Germany but globally. We are currently holding talks," he said.
General Electric employs about 1,800 people at its medical technology business in Germany. It plans to hire about 100 more staff to expand its research department in the country and form new partnerships with university clinics, the article said.
(Reporting by Maria Sheahan; Editing by Hugh Lawson)
Team Jeb Hits Back at Trump for Being 'Soft on Crime,' Cites Past Support for Legalizing Drugs | Cortney O'Brien
Sen. Chris Murphy Admits That Gun Control Legislation From Washington Probably Won’t Stop Shootings | Matt Vespa
The Beginning of the End | RedState
Open thread: Who’s up for another 150 Hillary e-mails containing classified information? - Hot Air
Katie Pavlich - Latest Clinton Email Server Dump Reveals 150 More Documents Flagged For Classified Information
President calls slain deputy's widow, will continue to highlight 'uncommon bravery' of police
Nick Adams - Not a Single Illegal Immigrant in 7 Months... In Australia
Doctors Will Be the Scapegoats in the Coming Obamacare Disaster | Human Events
Vox "Smart Take" Pushes Gun Confiscation. Here's What Would Happen If They Tried. - Bearing Arms - 2nd Amendment, Gun Confiscation