GE Announces Major 3D Printing Acquisition

General Electric (GE) made a big move this week in the 3D printing arena. The company has acquired two 3D printing companies in Europe: Arcam and SLM Solutions, for $1.4 billion. GE will buy all the outstanding shares for each company and maintain the headquarters and management for each company.

Both companies are suppliers of additive manufacturing equipment and is a way for GE to add to the use of 3D printing in the manufacturing of jet engines and cars.

Sweden-based Arcam invented the electron beam melting machine for metal-based additive manufacturing and also produces advanced metal powders, while Germany-based SLM Solutions produces laser machines for metal-based additive manufacturing.

GE offered 285 Swedish kronor, or $33.37, a share for Arcam. This is a 53.2% premium to Arcam’s Monday closing price. GE will offer SLM Solutions shareholders €38, or $42.42 a share, a 36.7% premium on Monday’s close.

Disclaimer: We have no position in General Electric Company (NYSE: GE) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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