General Electric to buy 3D printing groups SLM and Arcam for $1.4 billionStaff Writer | September 6, 2016
General Electric announced plans to buy two European 3D printing groups - Sweden's Arcam and Germany's SLM Solutions - for a total of $1.4 billion to tap into manufacturers' growing demand for digital technologies.
Acquisition 3D printing has been used by engineers
GE said it would offer 38 euros per share, or a total of 683 million euros ($762 million), for SLM Solutions, which makes laser machines for metal-based 3D printing for aerospace, energy, healthcare and automotive companies.
It has already agreed to buy 31.5 percent of shares from major shareholders, GE said.
It is also offering 285 Swedish crowns per share, or a total of 5.86 billion crowns ($685 million), for Arcam, which invented the electron beam melting machine for metal-based 3D printing, serving customers in the aerospace and healthcare industries. ■