GE strengthens position in 3D Printing market with offers to acquire SLM and Arcam
GE has long been one of the biggest drivers of industrial use of 3D printing , as used to make nozzles for new aircraft engine LEAP.
General Electric submitted bids Tuesday by two of the world ‘s largest manufacturers of 3D printers with metals, the Arcam Swedish and German SLM Solutions, for a total of US $ 1.400 billion, in a bid to strengthen its position in a rapidly growing technology.
The 3D prints have been used for decades to develop prototypes, but its use has spread in recent years for industrial mass production and now are used to make dental crowns up from doctors and light aircraft components implants.
GE has long been one of the biggest drivers of industrial use of 3D printing , as used to make nozzles for new aircraft engine LEAP , marking a major advance in the use of technology in production dough.
GE , which laid the foundation for 3D printing with the acquisition of industry specialists Morris Technologies in 2012, said he expects the business to grow to US $ 1.000 billion by 2020, with attractive returns.
The US group said it would offer 38 euros per share, or a total of 683 million euros (US $ 762 million), by SLMSolutions, which manufactures laser machines for 3D printing of products for aerospace firms, energy, care health and automotive.
Previously, it had already agreed to buy 31.5% of its shares to major shareholders, she reported.
GE also offered 285 crowns per share , or a total of 5,860 million kronor (US $ 685 million) for the Arcam firm, who invented a machine based on electron beam for the 3D printing technology with metals and offers its products mostly to health and aerospace industries.
Arcam technologies and SLM complement, as the Swedish firm uses electron beams as a source of energy, while its German pair uses lasers.
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