GE executed on its agreement to acquire a 75% stake in Concept Laser GmbH of Germany. The agreement, announced in late October, allows for GE to take full ownership over the next several years.

In addition, GE recently concluded its tender offer for the shares of Arcam AB of Sweden, first initiated in September, and purchased 76.15% of the company.

GE now has controlling shares of two producers of additive manufacturing machines and technology, and has committed significant investments to enhance the portfolios of both companies.

Privately-held Concept Laser has more than 200 employees and is headquartered in Lichtenfels, Germany, with operations in the U.S. (Grapevine, TX), China and a global network of more than 35 distributors and agents. The company designs and manufacturers powder bed-based laser additive manufacturing machines. Its customer base is focused on the aerospace, medical and dental industries, with a presence in automotive and jewelry.

Arcam AB, based in Mölndal, Sweden, invented the electron beam melting machine for metal-based additive manufacturing, and also produces advanced metal powders. Its customers are in the aerospace and healthcare industries. In addition to its Sweden site, Arcam operates AP&C, a metal powders operation in Canada, and DiSanto Technology, a medical additive manufacturing firm in Connecticut.

“GE has made significant long-term commitments to both Arcam and Concept Laser to enhance their complementary technologies,” said Mohammad Ehteshami, vice president for Additive Integration at GE Additive. “Both companies are important players in the growing additive manufacturing movement, and are foundational to GE’s journey into this revolutionary manufacturing space.”

Additive manufacturing involves taking a digital design from computer aided design (CAD) software and melting/sintering together in a layer-by-layer manner, using either a laser or an electron beam as the energy source.