On to the next one: GE turns to next available metals 3D Printing company, buys Concept Laser

Might GE’s aerospace prowess benefit from the acquisition of Concept Laser?

GE, spurned in its pursuit of buying German metals 3D printing experts SLM Solutions, has instead bid for a 75 per cent stake of fellow German company Concept Laser.

The move signals a future takeover, costing in the region of €549 million, and some strong determination to progress its additive manufacturing capabilities.

According to Fortune, investor Elliott Advisors, which owns 20% of SLM and rejected the GE bid, also owns a stake in Arcam – originally billed as part of a dual target industry sweep by GE.
The bid for the Swedish company has since been raised and the minimum acceptance condition lowered for Arcam, in which Elliott also owns a stake.