Arcam AB delists from Nasdaq Stockholm exchange
January 31, 2018
GE has announced that Arcam AB has now been delisted from the Nasdaq (Stockholm) exchange, a move which the company states will allow a more fulsome integration with GE.
GE purchased controlling shares of Arcam in a public cash offer to tender all shares in late 2016. The company recently surpassed 90% ownership of Arcam AB shares, permitting initiation of the compulsory buy-out of the remaining shares in accordance with the Swedish Companies Act.
Based in Sweden, Arcam is the inventor of electron beam melting machines for metal-based additive manufacturing, and a producer of advanced metal powders with customers in the aerospace and orthopaedic industries. The last day of trading of Arcam stock was reported to be January 26, 2018.