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GE to Invest $1.4 Billion to Acquire AM Companies
Issued at 2016-09-07
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General Electric plans to acquire Arcam AB and SLM Solutions Group AG, two suppliers of additive-manufacturing (MA) equipment, for $1.4 billion. Sweden’s Arcam invented the electron-beam melting machine for metal-based AM and also produces advanced metal powders. Arcam also operates AP&C, a metal-powders operation in Canada, and DiSanto Technology, a medical AM firm in Connecticut. Germany’s SLM Solutions Group produces laser machines for metal-based AM and has sales and application sites worldwide.
Both companies, which will strengthen GE’s existing material science and AM capabilities, will report to David Joyce, president and CEO of GE Aviation.
Source: Industrial Heating
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