GE puts up $1.4 billion to acquire two 3D printing firms

GE has so far invested around $1.5 billion in 3D printing tech over the past six years, and its planned acquisition of Germany’s SLM Solutions Group and Sweden’s Arcam would only bolster its position in the business. At a combined cost of $1.4 billion, both companies offer an expansion of GE’s additive manufacturing efforts, which is, as GE chairman Jeffrey R. Immelt explains, “part of GE’s evolution into a digital industrial company.”

If the acquisitions go through, both companies would end up under David L. Joyce, chief executive and president of GE Aviation, with both facilities from Arcam and SLM retaining their own management and employees. Though the pricing breakdown for both companies wasn’t yet made public by GE, the company had offered about $33.26 (285 Swedish kronor) a share for the company, with about $42.40 for SLM Solutions.

Via: The New York Times, Ars Technica

Source: GE

Source: Engadget - Read the full article here

Author: Daily Tech Whip

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