GE Additive Customers Secure $20 Million in Equipment Financing From GE Capital Since Q1 2017 Launch
GE has invested approximately $1.5 billion in advanced manufacturing and additive technologies, in addition to building a global network of additive centers focused on advancing the science.
BOSTON--(BUSINESS WIRE)--Earlier this year, GE (NYSE: GE) announced its Additive and Capital businesses would collaborate to sell and finance metal additive machines, helping to provide more access to transformative 3D printing technology. Since that announcement, the company has been awarded and approved financing for five customers in four critical industries including aerospace and automotive.
GE has invested approximately $1.5 billion in advanced manufacturing and additive technologies, in addition to building a global network of additive centers focused on advancing the science. Last year, GE announced it had acquired a 75% stake in Concept Laser GmbH and 76% shares in Arcam AB - both producers of metal additive machines.
"The ability to work with GE Additive through Concept Laser and leverage their expertise in additive manufacturing, combined with the ability of GE Capital to finance the equipment, makes the GE value proposition very compelling to Roush," said Dean Massab, Vice President at Roush. "We see GE Additive as a complete solution that can help our company execute on our additive manufacturing journey."
GE Capital will continue to develop and offer a range of customized financial solutions. This will allow GE Additive customers the ability to acquire transformative additive machines, materials and application engineering expertise. In addition, customers can access GE Additive's Customer Experience Centers around the globe, where they can collaborate and learn more about additive design and manufacturing.
"This is the beauty of the GE Store at work, giving our customers access to the offerings from the wider GE," said Mohammad Ehteshami, Vice President and General Manager, GE Additive. "Financing through GE Capital makes it easier for our customers to make the leap into additive manufacturing, and helps others grow their operations even quicker."
GE Additive is part of GE, the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE Additive offers a full line of metal additive manufacturing machines, materials and engineering consultancy services to customers in many industries including aerospace, medical, dental, automotive and energy industries. Visit GE Additive at www.geadditive.com
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
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