US Zimmer closes acquisition of Beijing Montagne Medical Device

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US musculoskeletal care company Zimmer Holdings (NYSE: ZMH |PowerRating) said Tuesday it has completed the buyout of Chinese orthopedic implant firm Beijing Montagne Medical Device Co, without specifying the value of the transaction. The deal boosts Zimmer’s presence in the emerging Chinese market and positions the US company as the largest provider of reconstructive orthopedic solutions in the country, the buyer said in a statement. The acquisition of Montagne will provide Zimmer with additional research, development and manufacturing capabilities, it added. Country: , China Sector: Healthcare Target: Beijing Montagne Medical Co Ltd Buyer: Zimmer Holdings Inc Type: Corporateacquisition Status: Closed

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