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GE beefs up additive manufacturing, scouts for acquisitions

Mon 24th April, 2017 12:07pm
HANOVER, Germany, April 24 (Reuters) - General Electric 
 GE.N  is beefing up its additive manufacturing business with an 
investment of more than 100 million euros  ($109 million) in 
Germany and continues to be alert for acquisition opportunities, 
the head of the business said. 
    The maker of jet engines, power plants and other industrial 
equipment, General Electric last year bought a majority in 
Swedish 3D printer maker Arcam  ARCM.ST  and privately held 
German 3D printing firm Concept Laser at a total cost of about 
$1.3 billion.  urn:newsml:reuters.com:*:nL8N1CX2DK 
    Additive manufacturing, or 3D printing, saves money on 
material costs and time from design to manufacturing by printing 
objects in layers directly from a computer design instead of 
cutting them out of blocks of material. 
    With last year's acquisitions, GE owns two of the five 
principal 3D printing technologies - powder and electron-beam. 
"Our goal is to get into all of the these," GE Additive chief 
Mohammad Ehteshami told reporters on Monday. 
    Asked whether this could be achieved through organic growth 
alone, he said: "We are always studying organic and inorganic 
possibilities... Strategically, there are inorganic plays we 
would not be smart not to do." 
    GE already 3D prints several aircraft parts and aims to turn 
the additive manufacturing business, currently still a part of 
GE aviation, into a $1 billion external sales business by 2020. 
    "I have a belief that you'll be able to print the whole jet 
engine," Ehteshami told reporters at the Hannover Messe 
industrial trade fair. 
    He said the group had invested around $1.5 billion in 3D 
printing technology over the past decade, not including last 
year's acquisitions. 
    GE announced an investment of 100 million euros into the 
newly acquired Concept Laser site in Lichtenfels, Bavaria, where 
the number of employees should rise to 300 by the end of this 
year from 200. 
    It also said it would open a new additive manufacturing 
customer training and support centre in Munich, planned to be 
the first of several worldwide aimed at gaining greater exposure 
for the technology, at a cost of 15 million euros. 
($1 = 0.9203 euros) 
 
 (Reporting by Georgina Prodhan, editing by Pritha Sarkar) 
 ((georgina.prodhan@thomsonreuters.com; +49 69 7565 1279; 
Reuters Messaging: 
georgina.prodhan.thomsonreuters.com@reuters.net)) 
 
Keywords: GE ADDITIVE/
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