Engines
GE Eyes Digital Future with Additive Manufacturing Play
Company acquires two additive manufacturing equipment suppliers

General Electric’s $1.4 billion purchase of Sweden’s Arcam and Germany’s SLM Solutions Group on Tuesday effectively signaled its intent to establish a separate business dedicated to additive manufacturing equipment and services under the auspices of GE Aviation and its president and CEO, David Joyce. According to GE chairman and CEO Jeffrey Immelt, the company expects the new business to generate $300 million in revenues by next year and $1 billion by 2020, and underpin a move toward transforming GE into a so-called digital industrial company.


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