# 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.

- Type: Acquisition
- Announced: 2016-10-27
- Where: Lichtenfels, Germany
- Value: $599.0M
- Status: announced
- Products: metal additive manufacturing machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (acquirer)
- [Baker Hughes](https://endata.com/companies/1895.md) (target)
- [Concept Laser](https://endata.com/companies/16273.md) (target)

## Sources

- [machinery.co.uk](https://www.machinery.co.uk/content/news/having-failed-to-acquire-slm-solutions-ge-buys-concept-laser-instead), 2016-11-01: "GE and Concept Laser, another German AM machine maker, agreed that GE would acquire a 75% stake in the company for $599 million"
- [getfilings.com](https://getfilings.com/sec-filings/161103/GENERAL-ELECTRIC-CO_8-K/), 2016-11-03: "On October 30, 2016, General Electric Company, Baker Hughes Incorporated, Bear Newco, Inc., and Bear MergerSub, Inc., entered into a Transaction Agreement and Plan of Merger."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.