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GE to Invest $1.4B to Acquire Additive Manufacturing Companies Arcam and SLM
Sep. 06, 2016 09:47AM PST
Emerging TechnologyGE (NYSE:GE) announced plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG for $1.4 billion. Arcam and SLM is set to bolster GE’s existing material science and additive manufacturing capabilities and enable GE to develop additive applications across six GE businesses, create new services applications across the company, …
GE (NYSE:GE) announced plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG for $1.4 billion. Arcam and SLM is set to bolster GE’s existing material science and additive manufacturing capabilities and enable GE to develop additive applications across six GE businesses, create new services applications across the company, and earn 346 patents in powder metals alone.
Jeff Immelt, Chairman and CEO of GE, said:
“Additive manufacturing is a key part of GE’s evolution into a digital industrial company. We are creating a more productive world with our innovative world-class machines, materials and software. We are poised to not only benefit from this movement as a customer, but spearhead it as a leading supplier.”