US company GE Aviation, a subsidiary of conglomerate General Electric (GE), has has launched a takeover offer for German company, SLM Solutions Group, as it looks to grow its global 3D printing business.
GE's offer for SLM, which produces machines for metal based 3D printing, was launched in tandem with a bid for a Swedish competitor in the industry, Arcam.
The combined value of both deals is around $1.4 billion, with GE's offer to SLM's shareholders valuing the company at €683 million.
The voluntary takeover offer for SLM of €38 per share, has been accepted by 31.5% of shareholders and the deal will proceed if GE can secure 75% shareholder approval.
Hengeler Mueller (Maximilian Schiessl, Wolfgang Meyer - Sparenberg) represented GE.
GleissLutz (Stephan Aubel) advised SLM.
CMS Hasche Sigle (Henrik Drinkuth, Sebastian Orthmann) advised the anchor shareholders in SLM.