Arcam AB delists from Nasdaq Stockholm exchange
Cincinnati, OH - GE (NYSE: GE) today announces that Arcam AB has delisted from the Nasdaq (Stockholm) exchange. The last day of trading of Arcam stock was January 26, 2018.
GE purchased controlling shares of Arcam in a public cash offer to tender all shares in late 2016. GE recently surpassed 90% ownership of Arcam AB shares, permitting initiation of the compulsory buy-out of the remaining shares in accordance with the Swedish Companies Act. Arcam’s delisting will allow a more fulsome integration with GE.
Based in Sweden, Arcam is the inventor of electron beam melting machines for metal-based additive manufacturing, and a producer of advanced metal powders with customers in the aerospace and orthopaedic industries.
About GE Additive
GE Additive is part of GE (NYSE: GE) - the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE Additive includes additive machine providers Concept Laser and Arcam EBM; along with additive material provider AP&C and additive service provider to the medical industry, DTI. As a notable user of additive technologies GE recognize the value and potential it brings to modern design and manufacturing. GE is organized around a global exchange of knowledge, the “GE Store”, through which each business shares and accesses the same technology, resources and intellect.