GE Capital to Develop Financing Options for GE Additive

News From: 2/9/2017 Additive Manufacturing,

GE says the collaboration will spur additive manufacturing growth in various industries.

GE has announced that its GE Additive business will collaborate with GE Capital to sell and finance metal additive machines. Under the collaboration GE Capital will develop a range of customized solutions that will provide GE Additive customers access to strategic, flexible financing options. According to GE, this will give manufacturers more ways to access 3D printing technology and help to spur growth in industrial markets such as medical, aerospace, automotive and machining.

“Our dual expertise both in manufacturing and in equipment finance, allows us to create competitive financial solutions that support our customers’ strategic business goals,” said Trevor Schauenberg, president and CEO of GE Capital Industrial Finance. “Additive manufacturing is a key contributor to the manufacturing evolution; we’re excited to enable its growth.”

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. GE also recently announced it has acquired a 75 percent stake in Concept Laser GmbH and 76 percent of the shares in Arcam AB, both producers of metal additive machines.

“Additive manufacturing is the new revolution, changing the way we design and manufacture products faster, more sophisticated and more cost efficient,” said Mohammad Ehteshami, vice president for additive integration at GE Additive. “By partnering with GE Capital, we’re now able to democratize additive manufacturing, making it easier for businesses to buy additive machines, fostering their competitiveness and accelerating the adoption rate. We’re excited to be part of the additive revolution.”