GE has confirmed the acquisition of two European 3D printing specialists – Sweden’s Arcam and Germany-based SLM Solutions – for $1.4bn.
Both companies provide 3D printing services to a number of industries including the aerospace sector and following the deal, will now fall under the remit of David Joyce, president and CEO of GE Aviation.
Joyce will target the expansion of GE’s additive manufacturing equipment and services offering, driven by areas such as 3D printing and other industrial technologies.
“We chose these two companies for a reason,” Joyce said. “They each bring two different, complementary additive technology modalities as individual anchors for a new GE additive equipment business to be plugged into GE’s resources and experience as leading practitioners of additive manufacturing.”
The acquisitions nearly double the conglomerate’s spending on additive manufacturing activities, with GE investing around $1.5bn since 2010 on 3D printing projects.
These include collaborations with Boeing and Airbus on printed parts including fuel nozzles.
Image - GE Aviation