GE acquires 75% stake in Concept Laser for $599M

GE agreed to acquire a 75% stake in German metal additive manufacturing machine maker Concept Laser for $599 million, with an option to take full ownership later. Concept Laser's founder will remain CEO and the Lichtenfels headquarters will become a new German centre for GE.

“GE and Concept Laser, another German AM machine maker, agreed that GE would acquire a 75% stake in the company for $599 million”machinery.co.uk

• 2 sources
• machinery.co.ukGE fails in SLM Solutions takeover bid but puts out offer to Concept Laser - MachineryWill DalrympleNov 1, 2016
• getfilings.comGENERAL ELECTRIC CO - FORM 8-K - November 3, 2016Nov 3, 2016

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