Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Siemens Healthineers Plans $300 Million Expansion In Walpole, Massachusetts

07/05/2017
Siemens began a major expansion of its separately managed Healthineers manufacturing and R&D laboratory diagnostics division in Walpole, Massachusetts. The project is expected to create up to 700 new high-tech jobs over the next 10 years.

“Healthcare is changing all over the world, and these changes are opening up great opportunities for providers, for patients, and for our company,” said Michael Sen, Member of the Managing Board of Siemens AG and Siemens Healthcare GmbH Supervisory Board Chairman.

“Today, we provide more than 10 billion laboratory diagnostics tests each year. Our mission is to extend this reach even further and Walpole will play a major role in this effort. That’s why we’re investing $300 million dollars here, one of the largest single capital investments of Siemens Healthcare in the U.S. ever. We look forward to innovations from here, innovations that will benefit our customers, that will benefit Siemens and, most of all, that will benefit patients,” he added.

Siemens, together with its separately managed healthcare company Siemens Healthineers, is committed to strengthening the advanced manufacturing sector in the U.S., helping to grow local economies and create high-wage jobs, while making innovative products that increase the overall competitiveness of U.S. industries, officials said.

“Siemens has been doing business in the United States for more than 160 years. We not only deliver products and solutions to America, but the Walpole expansion demonstrates our passion for making things here, hiring here and working closely with U.S. customers,” said Lisa Davis, Chair & CEO of Siemens Corporation and Member of the Managing Board of Siemens AG.

“By investing in advanced manufacturing right here in the U.S., Siemens creates value for customers and communities, produces high-wage jobs, increases exports and creates more orders for local businesses of all sizes,” she explained.

“Our investment in Walpole expands our global footprint and reflects our long history of innovations that help healthcare providers meet their current and future business challenges,” said Franz Walt, President, Laboratory Diagnostics, Siemens Healthineers.

“With this investment, we will expand our capabilities to deliver solutions such as our new Atellica portfolio of products to give lab professionals control and simplicity so they can spend less time on operations and more time driving better outcomes.”

“Our administration has reinforced our commitment to life sciences, research and development by investing up to $500 million for strategic investments to support companies in innovation and technology,” said Governor Charlie Baker. “Thanks to companies like Siemens, Massachusetts continues to be a global leader in the industry and we welcome their growth and investment in Walpole to support the global healthcare market.”

Exclusive Research