GE Aviation €683 million acquisition of SLM Solutions Group

Overview:

• 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.
• Gleiss Lutz (Stephan Aubel) advised SLM.  
• CMS Hasche Sigle (Henrik Drinkuth, Sebastian Orthmann) advised the anchor shareholders in SLM.   

Ben Naylor - EMEA Editor