Arcam AB Delists from Nasdaq Stockholm Exchange
CINCINNATI, OH, USA, Jan 31, 2018 – GE (NYSE: GE) 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.