General Electric Co is to buy Swedish medical company Biacore to complement its own healthcare division GE Healthcare, the two companies have announced.
The Fairfield, Connecticut-based GE will purchase Biacore, which specialises in instruments for medical research, for 3.22 billion Swedish kroner ($438 million).
The Fairfield, Connecticut-based GE will purchase Biacore, which specialises in instruments for medical research, for 3.22 billion Swedish kroner ($438 million).
Pharmaceutical company Pfizer Inc, which holds a 41 percent stake in Uppsala, Sweden-based Biacore, supports the bid, according to GE.
(Source: IANS News)
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