GE looks to add SLM Solutions to its Additive Manufacturing portfolio

September 6, 2016

GE looks to add SLM Solutions to its Additive Manufacturing portfolio

GE has announced plans to acquire SLM Solutions Group AG based in Lübeck, Germany. SLM produces laser machines for metal Additive Manufacturing with customers in the aerospace, energy, healthcare and automotive industries. The announcement coincides with news that GE is also seeking a takeover of Sweden’s Arcam AB.

“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,” stated 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.”

SLM generated $74 million in revenues in 2015 with 260 employees. In addition to its operations in Germany, the company has sales and application sites worldwide. GE stated that it will maintain the headquarters and key operating locations of SLM, as well as retain the management team and employees.

“General Electric has already accompanied us as a user and customer since our inception. They assumed a pioneering role in aerospace technology and were early to identify the benefits of Selective Laser Melting, for example in terms of savings in the weight of components. They are entirely familiar with SLM Solutions’ multi-laser technology and its advantages vis-a-vis our competitors,” stated Hans-Joachim Ihde, founder and Chairman of the Supervisory Board of SLM Solutions Group AG.

The implementation of the takeover offer will be subject to a number of market standard conditions, in particular a minimum acceptance threshold of 75% and the approval by the anti-trust authorities.

www.slm-solutions.com     |    www.ge.com

Metal AM magazine Summer 2022

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Transforming access to medical implants with PrinterPrezz
  • Lessons from 2021’s Olympic bike crash
  • Xerox liquid metal AM
  • Additive Manufacturing for oil, gas and maritime
  • Multi-material metal parts by Powder Bed Fusion
  • Findings from Wohlers Report 2022
  • The challenge of grain size: X-ray powder diffraction analysis of parts made by metal AM

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

News from the industry…

    News from the industry…

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news

    All past issues are available to download as free PDFs or view in your browser.

    Browse the archive

    qweqw

    Looking for AM machines, metal powders or part manufacturing services?

    Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

    • AM machines
    • Process monitoring & calibration
    • Heat treatment & sintering
    • HIP systems & services
    • Pre- & post-processing technology
    • Powders, powder production and analysis
    • Part manufacturers
    • Consulting, training & market data
    Download PDF
    Share via
    Copy link
    Powered by Social Snap