Zimmer buys Germany's Normed for undisclosed sum
Zimmer Holdings acquires German orthopedic technology company Normed for undisclosed amount
WARSAW, Ind. (AP) -- Orthopedic products maker Zimmer Holdings Inc. said Tuesday that it bought Normed Medizin-Technik GmbH for an undisclosed sum.
The German company makes a broad range of specialized plates, screws and instruments, including systems for bone reconstruction and fracture repair, fusion procedures and external fixation.
Zimmer said the addition of Normed will strengthen its extremities and trauma product lineups and will boost product development at its foot and ankle and hand and wrist businesses.
Shares of Zimmer Holdings closed Monday at $78.83, up about 18 percent since the start of the year.
