Business Medical Dialogues
    • facebook
    • twitter
    Login Register
    • facebook
    • twitter
    Login Register
    • Medical Dialogues
    • Speciality Dialogues
    • Education Dialogues
    • Medical Jobs
    • Medical Matrimony
    • MD Brand Connect
    Business Medical Dialogues
    • News
        • Financial Results
        • Hospitals & Diagnostics
        • IT / Health Venture
        • Implants / Devices
        • Insurance
        • Key Movement
        • Pharmaceuticals
        • Policy
        • Technology
        • pharma-news
    • blog
    LoginRegister
    Business Medical Dialogues
    LoginRegister
    • Home
    • News
      • Financial Results
      • Hospitals & Diagnostics
      • IT / Health Venture
      • Implants / Devices
      • Insurance
      • Key Movement
      • Pharmaceuticals
      • Policy
      • Technology
      • pharma-news
    • blog
    • Home
    • News
    • Implants / Devices
    • GE to buy SLM, Arcam...

    GE to buy SLM, Arcam for 1.4 billion dollars in 3D printing push

    Written by savita thakur thakur Published On 2016-09-08T09:57:35+05:30  |  Updated On 8 Sept 2016 9:57 AM IST
    GE to buy SLM, Arcam for 1.4 billion dollars in 3D printing push

    Franfurt : General Electric announced plans to buy two European 3D printing groups Sweden's Arcam and Germany's SLM Solutions for a total of $1.4 billion to tap into manufacturers' growing demand for digital technologies.


    3D printing has been used by engineers to build prototypes for decades but has recently become more widespread, with uses including the production of dental crowns and light aircraft parts.


    GE said it would offer 38 euros per share, or a total of 683 million euros ($762 million), for SLM Solutions, which makes laser machines for metal-based 3D printing for aerospace, energy, healthcare and automotive companies.


    It has already agreed to buy 31.5 percent of shares from major shareholders, GE said.


    It is also offering 285 Swedish crowns per share, or a total of 5.86 billion crowns ($685 million), for Arcam, which invented the electron beam melting machine for metal-based 3D printing, serving customers in the aerospace and healthcare industries.


    "Additive manufacturing (3D printing) is a key part of GE's evolution into a digital industrial company," GE Chief Executive Jeff Immelt said in a statement.


    GE said it expected its new 3D printing business to grow to $1 billion by 2020 at attractive returns.

    3D printingGEGeneral ElectricHealthcareJeff ImmeltSLMSweden's Arcam and Germany's
    Source : Reuters

    Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd

    savita thakur thakur
    savita thakur thakur
      Show Full Article
      Next Story
      Similar Posts
      NO DATA FOUND

      Popular Stories

      • Email: info@medicaldialogues.in
      • Phone: 011 - 4372 0751

      Website Last Updated On : 13 Oct 2022 5:14 AM GMT
      Company
      • About Us
      • Contact Us
      • Our Team
      • Reach our Editor
      • Feedback
      • Submit Article
      Ads & Legal
      • Advertise
      • Advertise Policy
      • Terms and Conditions
      • Privacy Policy
      • Editorial Policy
      • Comments Policy
      • Disclamier
      Medical Dialogues is health news portal designed to update medical and healthcare professionals but does not limit/block other interested parties from accessing our general health content. The health content on Medical Dialogues and its subdomains is created and/or edited by our expert team, that includes doctors, healthcare researchers and scientific writers, who review all medical information to keep them in line with the latest evidence-based medical information and accepted health guidelines by established medical organisations of the world.

      Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription.Use of this site is subject to our terms of use, privacy policy, advertisement policy. You can check out disclaimers here. © 2025 Minerva Medical Treatment Pvt Ltd

      © 2025 - Medical Dialogues. All Rights Reserved.
      Powered By: Hocalwire
      X
      We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by continuing to use our site. To know more, see our Cookie Policy and Cookie Settings.Ok