WARSAW, Ind. (WOWO): A buying spree for a major Warsaw company continues.
The medical device company will be purchasing nearly 60 percent of Medtech’s shares once it creates a subsidiary to comply with French laws. The boards of both companies have approved the purchase.
Zimmer Biomet will continue operations at Medtech’s current French headquarters and will actually make it a hub for its surgical robotic development activities.
Just last week, Zimmer completed the purchase of Texas-based spine technology business LDR Holding Corporation.