GE has announced that the group’s GE Additive division is to collaborate with GE Capital to sell and finance metal Additive Manufacturing machines. The move will see GE Capital develop a range of customised financial solutions, allowing GE Additive customers the ability to access strategic and flexible financing solutions to acquire Additive Manufacturing technology in countries around the world.
The company stated that manufacturing companies will now have more ways to access transformative AM technology, spurring growth in several critical industrial markets including medical, aerospace, automotive and machining.
“Our dual expertise both in manufacturing and in equipment finance, allows us to create competitive financial solutions that support our customers’ strategic business goals,” stated Trevor Schauenberg, President and CEO of GE Capital Industrial Finance. “Additive Manufacturing is a key contributor to the manufacturing evolution; we’re excited to enable its growth.”
GE has invested approximately $1.5 billion in advanced manufacturing and additive technologies, in addition to building a global network of Additive Centres focused on advancing the science. GE also recently announced it has acquired a 75% stake in Concept Laser GmbH and 76% of the shares in Arcam AB – both producers of metal AM machines.
“Additive Manufacturing is the new revolution, changing the way we design and manufacture products faster, more sophisticated and more cost efficient,” stated Mohammad Ehteshami, Vice President for Additive Integration at GE Additive. “By partnering with GE Capital, we’re now able to democratise Additive Manufacturing, making it easier for businesses to buy additive machines, fostering their competitiveness and accelerating the adoption rate. We’re excited to be part of the additive revolution.”