Industry News

General Electric announced that is increasing its ownership of Sweden’s Arcam AB, maker of electronic beam melting machines, to 95 percent upon acquiring shares from hedge funds Elliott Management and Polygon Investment Group. GE initially acquired 77 percent of Arcam in September 2016 as part of a $1.4 billion deal that also included a stake in German 3D printer company SLM Solutions Group. GE also plans to acquire the remaining 5 percent of Arcam in a compulsory buyout and to delist the company from the Nasdaq Stockholm exchange where it currently trades.