General Electric (GE), a global digital industrial company, with multiple locations throughout North and South America, is beefing up its additive manufacturing business with an investment of more than EUR 100 million (USD $109 million) in Germany.
In 2016 General Electric bought a majority in Swedish 3D printer maker Arcam and privately held German 3D printing firm Concept Laser at a total cost of about USD $1.3 billion.
Additive manufacturing, or 3D printing, saves money on material costs and time from design to manufacturing by printing objects in layers directly from a computer design instead of cutting them out of blocks of material.