Published on January 8th, 2017 | by Geetika Bhasin
GE additive and GE Capital collaborate to finance and sell metal additive manufacturing equipment
GE has announced its foray into selling and financing of metal additive machinery. GE metal Additives will collaborate with GE capital to develop the financial solutions for the customers. This financial solution will enable additive manufacturing customers to avail this technology in countries worldwide.
Trevor Schauenberg, the president and CEO of GE Capital Industrial Finance said that their dual expertise in manufacturing and finance will help their customers avail all additive manufacturing facilities for their businesses with ease. They were excited to be a part of the additive manufacturing growth process. With $1.5 billion investments already done by GE in advanced manufacturing and additive technologies, it has also built a global network of Additive centers. GE Additive offers industries like aerospace, medical, automotive and luxury goods, a complete range of metal additive manufacturing machines, equipment, and engineering solutions.
On December 8th, 2016, GE made a deal to acquire a 75% stake in Concept Laser for $599 million (€549 million). Concept Laser is a pioneer in its field and designs and manufactures laser additive machines for customers in the aerospace, automotive, medical, dental, and jewelry industries. On November 14th, 2016, GE finalized the purchase of the controlling shares of Arcam AB of Sweden. Arcam invented the electron beam melting machine and also produces advanced metal powders for metal-based additive manufacturing.
Mohammad Ehteshami, Vice President for Additive Integration at GE Additive said that additive manufacturing is the new revolution, changing the way products are designed and manufactured. It has facilitated the faster; more sophisticated and more cost efficient, manufacturing of goods and has made it easier for businesses to buy additive machines, making this industry aggressive and competitive. The additive revolution has arrived and the GE team is excited to play a significant role in it.