GE Sweden, a Swedish company within the operating unit GE Aviation, and a subsidiary of General Electric, has on Tuesday submitted a cash offer of SEK 285 per share for all shares of Arcam which manufactures machines for additive manufacturing, also called 3D printing.
the bid values Arcam to 5.86 billion according to a press release from the company.
the offer represents a premium of approximately 53 percent over the closing price on the Stockholm Stock Exchange on Monday. The premium is calculated on the last 30 trading days is just over 67 percent.
“Arcam’s Board of Directors has unanimously decided to recommend Arcam’s shareholders to accept the offer,” it appears on.
The acceptance period for the offer is expected run from about september 7, 2016 until on or about October 14, 2016.
the American General Electric is investing heavily in additive manufacturing, 3D-printing. In addition to the morning’s bid for Arcam, like the US company even buy German SLM Solutions.
“Additive manufacturing is a key element of GE’s development of a digital industrial companies,” the company said in a press release.
Total GE is investing $ 1.4 billion, 12 billion, through the acquisitions of the two companies.
GE intends to pay 38 euros per share in cash for SLM, a premium of nearly 37 percent compared with Monday’s closing price. GE has already received the support of the owners equivalent to 31.5 percent of the shares in the company.
As with Arcam generated the bulk of SLM’s revenue from sales of 3D printers for industrial purposes and not for private persons .
another similarity is that both companies sell systems for additive manufacturing of metal products, in contrast to the more plastic-focused American competitors.
A crucial difference, however, is the 3D printing method. SLM focuses on laser melting of the material, while Arcam uses its electron beam technology. The laser allows for smoother surfaces and higher detail, but are slower and give poorer material properties.
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