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Excelitas Technologies Corp. - X-Cite Vitae LB 11/24

GE Acquires Majority Stake in Concept Laser

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BOSTON, Nov. 3, 2016 — General Electric Co. has reached an agreement to acquire a 75 percent stake in metal additive manufacturer Concept Laser GmbH for $599 million and take full ownership in “a number of years.” “Concept Laser founder Frank Herzog and his team are true pioneers in metal laser melting technology,” said David Joyce, vice chairman and president of General Electric and CEO of General Electric Aviation. “We are committed to enhancing Concept Laser’s technologies and product offerings across a well-established customer base.” Herzog will continue as...Read full article

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    Published: November 2016
    General ElectricConcept LaserAmericasEuropeLasersLight SourcesindustrialBusiness

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