GE has announced that Arcam AB has now been delisted from the Nasdaq (Stockholm) exchange, a move which the company states will allow a more fulsome integration with GE.
GE purchased controlling shares of Arcam in a public cash offer to tender all shares in late 2016. The company recently surpassed 90% ownership of Arcam AB shares, permitting initiation of the compulsory buy-out of the remaining shares in accordance with the Swedish Companies Act.
Based in Sweden, Arcam is the parent company of AP&C, a leading producer of advanced metal powders for MIM and AM with customers in the aerospace and orthopaedic industries. The last day of trading of Arcam stock was reported to be January 26, 2018.