Zimmer Chooses Switzerland As Site Of European Office
July 28, 2016 at 4:25 p.m.
Zimmer Holdings Inc. recently announced that it plans to locate the head office for its European and Australasia business in Winterthur, Switzerland.
Zimmer expects to close Thursday its exchange offer for Centerpulse AG, a leading European orthopedics company with significant manufacturing, research and development and medical educational facilities at its Winterthur location. In a separate announcement, Richard Fritschi, formerly president of Centerpulse Europe/Asia/Latin America, was named president of Zimmer Europe and Australasia.
Ray Elliot, Zimmer chairman, president and CEO, said, "Winterthur's history as a base of orthopedic innovation extends back to the early 1960s, when materials research at Sulzer, which was former in 1834, led to the development of artificial joint replacement products. We believe that this historical and present relationship to the city of Winterthur and its people should be preserved and grown. We gave careful consideration to both Milan and Zurich but, in the end, we believe the choice of Winterthur is in the best interest of the entire company. We look forward to working with the Winterthur employees, citizens and city officials as Zimmer becomes part of the local community."
Zimmer plans to announce other details of its combined structure at the time the transaction closes. [[In-content Ad]]
Zimmer Holdings Inc. recently announced that it plans to locate the head office for its European and Australasia business in Winterthur, Switzerland.
Zimmer expects to close Thursday its exchange offer for Centerpulse AG, a leading European orthopedics company with significant manufacturing, research and development and medical educational facilities at its Winterthur location. In a separate announcement, Richard Fritschi, formerly president of Centerpulse Europe/Asia/Latin America, was named president of Zimmer Europe and Australasia.
Ray Elliot, Zimmer chairman, president and CEO, said, "Winterthur's history as a base of orthopedic innovation extends back to the early 1960s, when materials research at Sulzer, which was former in 1834, led to the development of artificial joint replacement products. We believe that this historical and present relationship to the city of Winterthur and its people should be preserved and grown. We gave careful consideration to both Milan and Zurich but, in the end, we believe the choice of Winterthur is in the best interest of the entire company. We look forward to working with the Winterthur employees, citizens and city officials as Zimmer becomes part of the local community."
Zimmer plans to announce other details of its combined structure at the time the transaction closes. [[In-content Ad]]