General Electric is further expanding its 3D printing portfolio via the acquisition of a controlling stake in Swedish 3D printing company Arcam AB.
GE also plans to delist the company from Nasdaq. GE originally announced the acquisition in 2016, along with a bid for SLM Solutions Group that was ultimately rejected. Technology from both companies is used in GE’s jet engine operation.
Arcam makes electron beam melting equipment. Models include the Q10plus, Q20plus, and Arcam A2X machine for high-temperature materials in the aerospace sector.
The completion of the Arcam transaction is just the latest expansion of the GE Additive division. The company acquired German simulation software company GeonX last year and invested in Desktop Metal Inc.
GE also plans to release a binder jet metal 3D printer (the H1) for aerospace and automotive applications. The company’s Concept Laser division has also launched a new ATLAS laser powder bed fusion printer with a larger build volume. The printer is part of the company-wide Project A.T.L.A.S. program for developing large additive manufacturing machines.
Arcam recently announced it was expanding its additive manufacturing capabilities in Sweden with a new facility that will be three-times larger than the existing Arcam location. According to the company: “The space will significantly increase machine production capacity and allow for a more collaborative set-up within the company; uniting logistics, research and development, services and operations. The facility will be ready for move in the first quarter for 2019.”
Arcam had $78 million in revenue in 2016.
Source: Boston Business Journal