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Siemens Said to Explore Sale of Microbiology Business Unit 2014-03-11 16:12:40.42 GMT
By Aaron Kirchfeld, David Welch, Jodi Xu and James Ludden March 11 (Bloomberg) -- Siemens has hired a bank to seek potential buyers for microbiology business, people familiar with matter say. * Could fetch $300m-$600m, according to one of the people, who asked not to be identified because talks are private * Unit supplies equipment for bacterial identification and antibiotic susceptibility testing * Investment banks also gauging private-equity interest in larger diagnostics division (rev. EU3.9b) even though Siemens hasn’t decided to sell the business or hired a bank to explore a disposal, people familiar say * Business pitched to buyout firms including Blackstone, Carlyle
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To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net