The U.S. headquarters for Medartis is located in the Warsaw Technology Park after the company acquired Nextremity Solutions Inc. InkFreeNews file photo.

News Release

INDIANAPOLIS – Gov. Eric Holcomb will lead an economic development trip to Germany and Switzerland next week that will include a meeting with Medartis, which hosts its U.S. headquarters in Warsaw.

Medartis acquired Nextremity Solutions, a Warsaw-based orthopedic company, earlier this year.

Eric Holcomb

Also part of the Swiss visit will include a meeting with officials from Roche, the parent company of Roche Diagnostics which has its North America headquarters in Indianapolis.

The talks, according to a news release from the governor’s office, said they will focus on spurring continued growth and R&D in Indiana’s pharmaceutical and orthopedic industry.

Holcomb will be joined by Secretary of Commerce Brad Chambers and other officials from the Indiana Economic Development Corporation.

They will be departing Indiana on Sunday, Oct. 2. This trip will further business development discussions in future-focused industries in Indiana, advance the state’s medical device ecosystem, and engage key actors within the global energy transition.

“Germany and Switzerland have both been long-standing reliable partners with Indiana for many years,” said Holcomb. “As we think about the future of energy and industrial growth domestically, we must always keep in mind how far away global events affect our shared and connected economies. For example, the war in Ukraine has had serious repercussions that have rippled across all of Europe and Asia and I’m particularly looking forward to discussions with our German partners about how we can assist and lead our way through these times of great industry change.”

There are now 535 European-owned businesses in Indiana that support 117,600 Hoosier jobs, and in 2021 Indiana exported $10.3 billion to Europe, just over 25% of the state’s total exports. Indiana also imported $36.6 billion from Europe which made up just more than 47% of Indiana’s imports.

This marks Gov. Holcomb’s 13th international trip as governor and his third visit to both Germany and Switzerland, including his recent trip to speak at the World Economic Forum in Davos-Klosters in May. The costs of the state delegations are being paid through private donations to the Indiana Economic Development Foundation. 

Indiana is home to more than 1,050 foreign-owned business establishments, representing more than 40 countries and territories. In 2021, 47 foreign-owned businesses committed to locating or growing in Indiana. Together, these firms plan to invest $3.55 billion in Indiana, creating jobs with an average wage of $29.57 per hour and accounting for 14% of the total new jobs committed in 2021.