Recently, GE Group, one of the world's largest medical device distributors, spent $1.4 billion to acquire two 3-D printing equipment manufacturers from Arcam AB (Murndal, Sweden) and SLMSolutions Group (Lübeck, Germany).
DavidJoyce, CEO of GE Aviation, is responsible for the development of the company's 3D printing business and is responsible for the acquisition. The acquisition is close to GE's highest investment of $1.5 billion in manufacturing and additive technology since 2010. Joyce said at a news conference, "Additive manufacturing is in line with GE's technology-leading business model, leveraging system integration, materials science, services and digital productivity, and said it expects its new 3-D printing business to grow by 2020. To $1 billion.
Arcam is a pioneer in the manufacture of metal additives, not only inventing electron beam melting equipment, but also producing advanced metal powders. There are approximately 285 employees and the annual business volume is $68 million. In addition to its website in Sweden, Arcam also operates AP&C, a metal powder distribution company based in Canada, and DiSanto, a medical additive manufacturing company based in Connecticut, USA. Arcam's electron beam melting equipment is also used to create orthopedic implants. A company based in Brazil, BioArchitects, created a titanium alloy skull plate for a specific patient because of Arcam's technology, which was approved by the FDA earlier this year.
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