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GE Snaps Up European 3D Printing Companies For $1.4 Billion

GE Snaps Up European 3D Printing Companies For $1.4 Billion

In a bold move to acquire technology that could transform factory production in the coming decades, General Electric Co. announced it will spend $1.4 billion buying two European makers of 3D printers to expand use for the manufacture of components like aircraft parts.

GE offered to buy Sweden's Arcam for 5.86 billion kronor ($680 million) and, in a separate transaction, acquire SLM Solutions Group of Germany, the Boston-based company said in a statement on Tuesday. The biggest maker of aircraft engines said its first jet engine parts, called fuel nozzle interiors, made with the technology were introduced into service in July, paving the way for wider use.

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