Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

GE Acquires Stake in Concept Laser, Arcam

Photonics Spectra
Feb 2017
General Electric Co. has announced the execution of an agreement to acquire a 75 percent stake in Concept Laser, a German manufacturer of 3D metal printing machines, allowing it to take full ownership over the next several years.

GE has also concluded its tender offer for the shares of Arcam AB, purchasing 76.15 percent of the Swedish 3D printing company. Now, with controlling shares of two important producers of additive manufacturing systems under its belt, GE has pledged to invest significant funds into the advancement of 3D printing technology, improving the portfolios of both companies.

“GE has made significant long-term commitments to both Arcam and Concept Laser to enhance their complementary technologies,” said Mohammad Ehteshami, vice president for additive integration at GE Additive. “Both companies are important players in the growing additive manufacturing movement, and are foundational to GE’s journey into this revolutionary manufacturing space.”

General ElectricConcept LaserArcamAmericasBusinesslasersindustriallight speed

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x Subscribe to Photonics Spectra magazine - FREE!
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.