Zimmer Holdings, a provider in musculoskeletal care, has completed the acquisition of Beijing Montagne Medical Device, to further enhance its presence in the emerging Chinese market.
Zimmer said the acquisition will provide an expanded product line in hips, knees and powered surgical instruments tailored to the Chinese market.
Zimmer president and CEO David Dvorak said they are delighted to welcome Montagne to the Zimmer family.
"Our expansion in China demonstrates Zimmer’s commitment to invest globally in high-growth emerging markets," Dvorak said.
Zimmer Asia Pacific president Stephen Ooi said they want to create products that address the needs of the Chinese market.
"Montagne will provide us access to additional research, development, and manufacturing capabilities that will allow us to achieve this goal," Ooi said.