GE Additive has announced that its subsidiary Arcam AB has delisted from the Nasdaq (Stockholm) exchange. The last day of trading of Arcam stock was 26 January 2018.
GE Additive purchased controlling shares of Arcam in a public cash offer to tender all shares in late 2016, and having recently surpassed 90 per cent ownership of the additive firm, it is now permitted to initiate a 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, the companies say.
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.