Zimmer Holdings Inc. (NYSE:ZMH) took over Chinese joint prosthesis maker Beijing Montagne Medical Device Co. Ltd.
Montagne’s product lines will add a hip, knee and powered surgical instruments that are "tailored to the Chinese market" to Zimmer’s medical device offerings, according to the Warsaw Ind.-based orthopedic device-maker.
“We want to create products that address the unique 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,” Zimmer’s Asia Pacific president, Stephen Ooi, said in prepared remarks. Zimmer currently sells its devices in more than 100 countries.
Montagne has two plants, one in Beijing and one in Xianning, Hubei, and 360 employees, according to its website.
The terms of the transaction were not disclosed.
Zimmer tapped former Stryker Corp. executive Jeffrey Paulsen to lead its global business unit last January.