General Electric is investing €100 million in the expansion of Concept Laser

In December 2016, General Electric (GE) completed their purchase of two of the most important companies in additive manufacturing: The Swedish company Arcam AB and Concept Laser GmbH. With GE taking over each company by 75%, this move is helping to consolidate GE’s increasing role in the industry of additive manufacturing.

Frank Herzog

Recently, the US giant made an investment of €100 million into their main location in Lichtenfels, Germany. This is to be used primarily to help the growth of Concept Laser, with an aim of increasing their number of employees from 200 to 300 by the end of 2017 as well as creating a 3D campus, which is expected to be completed in 2019. This campus will cover over 35,000 m2 (376,736 ft2) and will accommodate up to 700 workstations.

“Significant investment in a new location, combined with the importance of being a new global center within General Electric, clearly demonstrates its value and value of concept laser,” explains Frank Herzog, the chairman of Concept Laser. “With a global group as a majority shareholder, we can benefit even more from the dynamic market opportunities in our industry.”