As we know from last week, General Electric after encountering many difficulties in acquiring SLM Solutions, it had decided to extend the period in which the offer would be in force to try to convince shareholders who were still undecided. After all this time, the operation seemed to remain blocked, which is why General Electric has finally canceled its offer to launch for Concept Laser, a company that unlike SLM Solutions was not listed on the stock market so the operation has been carried out with total discretion.
As has finally been confirmed by both parties, finally the agreement has consisted of General Electric keeping the 75% of the manufacturer metal 3D printers in exchange for 599 million. In this way, the company headquartered in Lichtenfels, Germany, which has a staff of more than 200 employees, becomes the property of the great General Electric to make it much more powerful and fully enter the market of 3D printing.
General Electric will take over 100% of Concept Laser in just a few months.
Why was General Electric interested in Concept Laser? According to the gossip about it, everything has its origin in the technology developed by the company and baptized as lasercusing which would be very similar to that of SLM Solutions since both are based on the fusion of metallic powder arranged in a tray by using a powerful laser. The materials that can be used range from steel, nickel alloys, titanium aluminum, chromium alloys - cobalt… to precious metals.