General Electric (GE) to Acquire Majority Stake in Concept Laser GmbH for $599M
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GE Reaches Agreement to Acquire a 75% Stake in Concept Laser GmbH of Germany
October 27, 2016 1:51 AM EDT- Concept Laser is a leading global supplier of additive manufacturing equipment
- Agreement represents a key step in GEs commitment to the additive revolution
- GE to enhance Concept Lasers product offerings
BOSTON & LICHTENFELS, Germany--(BUSINESS WIRE)-- GE (NYSE: GE), the worlds leading digital industrial company, has reached an agreement to acquire a 75% stake in Concept Laser GmbH for $599 million (549 million). The agreement allows for GE to take full ownership in a number of years.
Privately-held Concept Laser has more than 200 employees and is headquartered in Lichtenfels, Germany,... More
