Stryker investing $224M+ into Ireland — 4 insights

Spinal Tech

Stryker will invest more than $224 million (€200 million) into three of its facilities in Cork, Ireland, Verdict Medical Devices reports.

What you should know:

1. Stryker is expanding its international research, development and innovation efforts.

2. The company hopes to create new products for its orthopedics, neurotechnology and spine divisions.

3. The Irish government is helping fund the projects through IDA Ireland, a foreign investment subsidy program.

4. Stryker operates six locations in Ireland with more than 3,500 employees.

"Our team in Ireland has built considerable research and development and new product development capabilities through the partnership of multiple divisions, over the past 20 years, in an effort to serve multiple market segments," said Spencer Stiles, president of Stryker's instruments, neurotechnology and spine group.

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