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Business/Financial

GE To Acquire Two European 3D Manufacturing Companies To Boost Aerospace, Industrial Work

By Cal Biesecker

Tuesday, September 6th, 2016

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GE To Acquire Two European 3D Manufacturing Companies To Boost Aerospace, Industrial Work

Low pressure aero engine turbine blade

General Electric [GE] on Tuesday said it plans to acquire two European companies that provide additive manufacturing capabilities for various industries, including aerospace, with the deals worth a combined $1.4 billion.The two companies, Sweden’s Arcam AB and Germany’s SLM Solutions Group, will report to David Joyce, president and CEO of GE Aviation. GE said that Joyce will lead the growth of the two new companies and spearhead the integration effort to drive 3D manufacturing applications across the company.Arcam has customers…

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