WASHINGTON (AP) — General Electric is continuing its push into the digital realm, spending $1.4 billion to acquire two European 3-D printing companies.
At the same time, it's upping its old-school manufacturing capabilities with technology that will allow it to quickly punch out industrial components, for airlines or anything else, to satisfy any client's whim.
The Fairfield, Conn. company said Tuesday that it expects the acquisition of Arcam AB and SLM Solutions Group AB to boost revenue within its 3-D printing business to $1 billion by 2020.
GE has shed most of its financial service business to focus on its high-tech industrial operations.
Shares of General Electric Co., which are up more than 23 percent this year, slipped about 1 percent in midday trading.