Arcam AB (publ) logo

ARCM BTA - Arcam AB (publ) News Story

SEK295 0.0  0.0%

Last Trade - 14/11/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £67.5m
Position in Universe th / 1838

UPDATE 1-GE to buy SLM, Arcam for $1.4 bln in 3D printing push

Tue 6th September, 2016 8:19am
* GE to bid 38 eur/shr for SLM, total $762 mln 
    * Offers 285 crowns/shr or $685 mln for Arcam 
    * Says sees 3D printing ops growing to $1 bln by 2020 
 
 (Recasts to add GE bid for Arcam) 
    FRANKFURT/STOCKHOLM, Sept 6 (Reuters) - General Electric 
 GE.N  announced plans on Tuesday to buy two European 3D 
printing groups - Sweden's Arcam  ARCM.ST  and Germany's SLM 
Solutions  AM3D.DE  - 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. 
    ($1 = 0.8965 euros) 
    ($1 = 8.5506 Swedish crowns) 
 
 (Reporting by Maria Sheahan and Oskar von Bahr; Editing by Mark 
Potter) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: SLM SOLUTIONS M&A/GE
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