GE will buy for $1.4 billion producers of machines for 3D printing aviadetaley

American concern General Electric agreed to pay $1.4 billion for two European companies specializing in 3D printing of metal products used in aircraft engines, according to The Wall Street Journal.

According to industry experts, the newspaper writes, the GE purchase of the Swedish company and German Arcam SLM Solutions Group can exert pressure on other manufacturers of aujadeta, including Rolls-Royce and United Technologies.

GE will redeem shares Arcam for 285 SEK ($33,32) apiece and SLM — €38 ($of 42.38) apiece.

According to the CEO of GE Jeff Immelt, the use of 3D printing will allow the company to reach new levels of performance.

Evaluation of GE, its annual revenue from 3D printing will be by 2020, $1 billion, and over the next ten years the increase in efficiency from the use of this technology will bring the company from $3 to $5 billion.

Arcam’s revenue in 2015 amounted to $68 million, and SLM — $74 million