Boston Business Journal | By Max Stendahl
December 14, 2016
Siemens has finalized a plan to invest $300 million in its laboratory diagnostics manufacturing and research and development complex in Walpole, Mass., a project that the German company says could double the headcount at the facility to 1,400.
The company’s healthcare business, Siemens Healthineers, announced that it would upgrade and expand the 500,000-square-foot facility, with renovations set to begin in a matter of weeks. Currently, more than 700 employees work at the complex, where various instruments for lab tests are manufactured. The company plans to add between 400 and 700 jobs.
Gov. Charlie Baker said in a statement that he was “proud” that Siemens (NYSE: SI) had chosen to expand its presence in the state. Siemens also has a diagnostics facility in Norwood.
“The Commonwealth is pleased to continue building a pro-growth economic environment that creates more jobs for our communities, and remains focused on supporting globally competitive life sciences and advanced manufacturing,” Baker said. “I thank Siemens Healthineers for their commitment to Massachusetts, and look forward to continuing to partner with the company to move this important economic development project forward.”