Fifty new jobs are coming onstream in Dublin through the expansion of a Research Development and Innovation (RD&I) facility at UCD.
ResMed makes medical products to combat sleep and respiratory disorders.
The new investment will allow ResMed to expand its RD&I facility at its existing operation in NexusUCD, the Innovation Partnerships Centre at UCD.
ResMed founder, chairman and chief executive officer Dr Peter Farrell said: “We believe there are great opportunities in growing our presence in Ireland.
“One of the factors that played a part in our 2011 acquisition of BiancaMed, a UCD spin-out company, was the tremendous advantage of being based in a country that strongly supports research and development.”
Minister of State for Jobs, Enterprise and Innovation, John Perry said: “Today’s announcement from ResMed, a leading global Medical Technology company, to expand and invest in their Dublin facility, with the creation of additional 50 high-value Research Development and Innovation jobs, is a key example of the Governments Action Plan for Jobs.
“By developing and deepening the impact of multinational companies in Ireland there is increased potential for job creation and today’s announcement demonstrates this.”
The IDA has welcomed the news, saying such expansions facilitate future investment and job creation.
Barry O’Leary, chief executive of IDA Ireland said: “I am delighted that ResMed has joined Ireland’s strong growing cluster of leading Global and Indigenous Medical Device Companies.
“This expansion by ResMed Inc is a further endorsement of Ireland’s long established reputation in supporting Research, Development and Innovation. Expansions such as this are critical as they embed existing operations and facilitate future investment and job creation.
“I wish ResMed every success with its continued growth in Ireland and offer the ongoing support of IDA Ireland”.
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