Siemens Healthineers, medical technology unit of German energy to healthcare company Siemens AG, has launched a new $300 million factory and research and development (R&D) center for laboratory diagnostic devices at its East Walpole campus, Massachusetts.

The injection shows Siemens’ pledge to strong R&D and manufacturing capabilities that deliver prosperous innovation and an outstanding pipeline of products that are changing care delivery.

The new upgrades involve about 300,000 square feet of manufacturing, warehouse, office, and laboratory space.

The extension scheme is expected to add 700 new jobs by 2026.