Arcam AB, listed on NASDAQ Stockholm, and a leading supplier in the Additive Manufacturing field, launched a new branding identity for the Arcam Group, unifying the three businesses Arcam EBM, AP&C and DTI with a common mark and at the same time endorsing the operations as being part of GE Additive.
In conjunction with the branding launch, Arcam also releases its Annual Report for 2016, the first document using the new branding structure.
“Arcam and the industry have evolved considerably since our original brand more than 20 years ago” says Magnus René, CEO of Arcam. “Bringing together our offerings in industrial additive manufacturing systems through Arcam EBM, metal powders through AP&C and contract manufacturing through DTI under one common brand structure will make it easier for us to efficiently address the market. With the endorsement from GE Additive we can communicate the power behind our new brand and the solutions we can provide customers”.
During fiscal year 2016 sales for the Arcam Group grew by 12.5% to 648 million Swedish Kroner (MSEK). This growth rate is significantly lower than previous years (in each of 2014 and 2015 the company grew by 70%) and for the first time Arcam registered some operating losses (29 million). The company sold 48 systems instead of 58 systems in 2015 (however it delivered the same amount, 50 systems).
This is likely due to a physiological consolidation of the market, with the past two years of significant expansion in terms of hardware, followed by slow down in hardware sales and increase – as reported by Arcam fully owned subsidiary AP&C – in metal AM powder demand and sales. With GE backing it up Arcam expects to continue to grow primarily in the medical and aerospace segments (where it sold 50% of its systems during 2016), with Italy based GE-AvioAero as its main client overall.