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.
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