Germany GE Additive acquires software company Geon-X
GE Additive, part of US-based company General Electric (GE), recently announced that it acquired Geon-X, a privately owned software company specialised in virtual manufacturing.
Laurent D'Alvise and Michel Delanaye, co-founders and CEOs, Geon-X said, “GE Additive is the innovator in the additive manufacturing sector and we’re thrilled to join the team. Software is of course integral to digital transformation, so we are equally excited to be part of GE’s Digital Industrial journey.”
Geon-X is headquartered in Belgium and offers software for the development of new products. The software products support engineers in simulating additive manufacturing, welding, maching and heat treatment processes. Virfac, short for Virtual Factory, is a simulation software that assesses products prior to production. According to Geon-X, it is able to predict defects, distortions and stresses. The product is aimed to reduce the number of prototypes that have to be built during the development phase, reducing time to market and development costs.
Mohammad Ehteshami, Vice President and General Manager, GE Additive said, “As a business, GE Additive is committed to accelerating the additive manufacturing industry. Innovative simulation software solutions like Virfac do just that by adding real value to our customers who want to speed up product design and development, while maintaining the best possible quality. We’re delighted to welcome Geon-X to the GE Additive family.”