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Medtronic operational headquarters in Fridley, Minnesota, a suburb of Minneapolis. Medtronic was founded in 1949 in Minneapolis by Earl Bakken and his brother-in-law, Palmer Hermundslie, as a medical equipment repair shop. [8] Bakken invented several medical technology devices that continue to be used around the world today. [citation needed]
Post-World War II hospitals were just starting to employ electronic equipment, but did not have staff to maintain and repair them. Sensing an opportunity, with his brother-in-law, Palmer Hermundslie, he formed Medtronic (a portmanteau of "medical" and "electronic") in a small garage, primarily working with the University of Minnesota hospital.
Medtronic Operational [28] Headquarters is a major employer in Fridley. In 2001, Medtronic opened its new World Headquarters on the site of the 100 Twin Drive-in at Interstate 694 and Minnesota Highway 65. [29] [30] As of 2019, it is still the Operational Headquarters for Medtronic, PLC, which reorganized as an Irish company in 2015.
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It is now based in Fort Worth, Texas. The St. Paul Companies was the oldest company in Minnesota. In 2004, they merged with Travelers and in 2009 they moved their headquarters to New York City. In 2008, Northwest Airlines announced that it was merging with Delta Air Lines and moving its headquarters to Atlanta, Georgia.
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