Siemens Healthineers unveiled a new $300 million factory and research and development facility for laboratory diagnostic devices at its East Walpole campus — an expansion project that officials promised would add 700 new jobs by 2026.
The German-based medical technology company said it already has created more than 275 jobs as of December and total employment at the site will be about 1,300.
Both the state and town of Walpole gave Siemens tax breaks to encourage it to expand here.
“This investment demonstrates the company’s commitment to strong R&D and manufacturing capabilities that deliver robust innovation and an outstanding pipeline of products that are transforming care delivery,” Siemens’ Deepak Nath said at the Dec. 4 ribbon-cutting ceremony.
Nath is president of the company’s laboratory diagnostics operations, which is based in Tarrytown, N.Y.
Siemens Healthineers employs about 50,000 people worldwide, and has 10 manufacturing and research facilities in the United States — including the one in Walpole — that make more than 10 billion laboratory diagnostic tests annually.
Siemens has been in Walpole for about nine years, acquiring the property from Bayer and expanding the existing building in 2007.
The new renovations and expansion involve about 300,000 square feet of manufacturing, warehouse, office, and lab space. It also included installation of approximately 2 million feet of cable.
“Thanks to companies like Siemens Healthineers, Massachusetts continues to be a global leader in the life sciences industry, and we are pleased to welcome their growth and investment in Walpole and our Commonwealth to support the global health-care market,” Governor Charlie Baker said at the ribbon-cutting.
“We look forward to continuing to partner with Siemens to grow and develop globally competitive life sciences and advanced manufacturing here in Massachusetts.”
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