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.