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Additive Manufacturing GE to buy SLM, Arcam for $1.4bn
United States – GE has announced plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG for $1.4bn.
Both companies will report into David Joyce, President & CEO of GE Aviation. Joyce will lead the growth of these businesses in the additive manufacturing equipment and services industry. In addition, he will lead the integration effort and the GE Store initiative to drive additive manufacturing applications across GE. "Additive manufacturing is a key part of GE's evolution into a digital industrial company. We are creating a more productive world with our innovative world-class machines, materials and software. We are poised to not only benefit from this movement as a customer, but spearhead it as a leading supplier," said Jeff Immelt, Chairman and CEO of GE. "Additive manufacturing will drive new levels of productivity for GE, our customers, including a wide array of additive manufacturing customers, and for the industrial world."
By 2020, GE said it expects to generate over $1bn in 3D printing revenue, and over the next 10 years, the company believes it can reduce its manufacturing costs between $3bn and $5bn. GE has made tremendous advancements in 3D printing for aviation applications. Most notably, its next-generation Leap jet engine, co-developed with Safran under the CFM International brand, features 3D-printed fuel nozzles, which entered service during the second quarter earlier this year.