GE Additive acquires GeonX to strengthen software simulation capabilities
November 16 2017 - 10:47AM
Business Wire
- GeonX is a privately-owned software
company
- Specialist simulation software improves
additive manufacturing processes and minimize development
costs
GE Additive announced today that it has acquired GeonX, a
privately-owned developer of simulation software. Terms of the deal
are not being disclosed.
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Pictured from left to right: Michel
Delanaye, co-founder and CEO, GeonX, Mohammad Ehteshami, Vice
President and General Manager, GE Additive, Laurent D'Alvise
co-founder and CEO, GeonX. (Photo: Business Wire)
Headquartered in Belgium, GeonX provides software for engineers
when developing new products, to simulate additive manufacturing,
welding, machining and heat treatment processes in various
industries such as aerospace, automotive and energy.
GeonX’s simulation software tool, Virfac® (short for Virtual
Factory), assesses products prior to production; predicting
defects, distortions and stresses and the impact manufacturing has
on a product’s durability. This helps to reduce the number of
prototypes built during the development phase, while improving the
quality and lifetime of the manufactured products. This can
minimize the time to market and development costs.
Mohammad Ehteshami, Vice President and General Manager, GE
Additive said, “As a business, GE Additive is committed to
accelerating the additive manufacturing industry. Innovative
simulation software solutions like Virfac do just that by adding
real value to our customers who want to speed up product design and
development, while maintaining the best possible quality. We’re
delighted to welcome GeonX to the GE Additive family.”
Laurent D'Alvise and Michel Delanaye, co-founders and CEOs,
GeonX said, “GE Additive is the innovator in the additive
manufacturing sector and we’re thrilled to join the team. Software
is of course integral to digital transformation, so we are equally
excited to be part of GE’s Digital Industrial journey.”
For many years, GE has been a leading end user and innovator in
the additive manufacturing space. In addition to the $1.4 billion
investment in Concept Laser and Arcam, GE has also invested
approximately $1.5 billion in manufacturing and additive
technologies over the past 10 years, developed additive
applications across all GE businesses, created new services
applications across the company, and earned hundreds of patents in
material science. In 2016, the company established GE Additive to
become a leading supplier of additive technology, materials and
services for industries and businesses worldwide.
About GeonX
GeonX is a high-tech company specializing in virtual
manufacturing. GeonX develops and provides its customers best in
class scientific and industrial software for the simulation of
welding, heat treatment, machining and Additive Manufacturing.
Simulating before making is the motto of GeonX. Founded in 2012,
GeonX has 12 people and is headquartered in Belgium.
www.geonx.com
About GE Additive
GE Additive is part of GE (NYSE: GE) - the world’s Digital
Industrial Company, transforming industry with software-defined
machines and solutions that are connected, responsive and
predictive. GE Additive includes additive machine providers Concept
Laser and Arcam EBM; along with additive material provider AP&C
and additive service provider to the medical industry, DTI. As a
notable user of additive technologies GE recognize the value and
potential it brings to modern design and manufacturing. GE is
organized around a global exchange of knowledge, the "GE Store,"
through which each business shares and accesses the same
technology, resources and intellect. GE delivers better outcomes
for customers by speaking the language of industry.
www.ge.com/additive
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GE AdditiveRick Kennedyrick.l.kennedy@ge.com
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