Executive Leadership Move to Dallas-Ft. Worth Metro Area Will Enhance
Company’s Growth and Medical Device Strategies
CLARENCE, N.Y.--(BUSINESS WIRE)--May. 22, 2012--
Greatbatch, Inc. today announced it will establish a new global
headquarters in Frisco, Texas, as part of the company’s continued
approach to advance its medical device strategy.
Over the past several years, Greatbatch has grown to more than 20
locations worldwide as part of its corporate growth strategy, which will
include entry into emerging markets in Asia. Relocating its global
headquarters will put Greatbatch at the center of a vibrant medical
device community with a strong business climate, as well as offer
convenient access to an international airport that will more readily
connect the company to its global locations and customers.
“The Dallas-Ft. Worth metro area is a recognized medical device cluster
surrounded by a business community that includes leading medical
technology and electronics firms, as well as academic research
institutions and industry opinion leaders,” said Thomas J. Hook,
President and CEO of Greatbatch, Inc. “While we anticipate expanding our
presence at the new headquarters location in the years ahead, we also
remain firmly committed to our more than 700 associates in Western New
York, as well as the local community. The high-quality work of our
Western New York associates is vital to our future and our Associates
here will remain an integral part of Greatbatch’s success.”
The company will continue to maintain existing corporate, R&D and
manufacturing functions in Western New York and does not plan any
changes to the existing employee base.
In recent years, Greatbatch has intensified its focus on driving revenue
and profitable growth in its core business, identifying and growing
through targeted acquisitions, and innovating new medical device
technologies. The new headquarters decision is one of several moves that
Greatbatch has made since 2008 to execute its strategy to become a
leading medical technology company.
The first phase of the headquarters move will begin this summer with the
relocation of some members of the Greatbatch Executive Leadership Team
to the Frisco area. Future phases will be considered as business needs
warrant.
About Greatbatch, Inc.
Greatbatch, Inc. (NYSE: GB) provides top-quality technologies to
industries that depend on reliable, long-lasting performance through its
brands Greatbatch Medical, Electrochem and QiG Group. Greatbatch Medical
develops and manufactures critical medical device technologies for the
cardiac, neurology, vascular and orthopaedic markets. Electrochem
designs and manufactures battery and wireless sensing technologies for
high-end niche applications in the energy, military, portable medical,
and other markets. The QiG Group empowers the design and development of
new medical devices for our core markets. Additional information about
the Company is available at www.greatbatch.com.
Source: Greatbatch, Inc.
Greatbatch, Inc.
Christopher Knospe, 716-759-5727
cknospe@greatbatch.com