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FRANKFURT (Reuters) – German 3D press accumulation Concept Laser has been put up for auction by its architect as he wants to account from a bang in appeal for the technology, which has been the accountable of a flurry of deals, bodies accustomed with the amount said.

Chief Executive Frank Herzog, who founded Concept Laser in 2000, has allowable advising bazaar PJT to acquisition a buyer, the sources said.

3D press has been acclimated to body prototypes for decades but has amorphous to bolt on in automated accumulation assembly in contempo years for articles such as dental crowns, medical implants and ablaze aircraft parts.

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General Electric on Tuesday apparent affairs to buy two of the world’s top makers of metal-based 3D press machines – Sweden’s Arcam and Germany’s SLM Solutions – for a absolute of $1.4 billion.

But this could augur ill for the abeyant Concept Laser sale, one of the bodies said, as abeyant buyers ability be beat from demography on GE.

“GE has bought up best of the competitors. How are you activity to survive adjoin GE in the continued term?” the being said.

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After sending out advice to -to-be buyers, the administration is presenting the aggregation to rivals from Asia and Europe, including Switzerland’s Oerlikon, as able-bodied as clandestine disinterestedness groups such as EQT, Advent and KKR, the bodies said, abacus that GE has not abutting the fray.

Concept Laser is accepted to column balance afore interest, taxes, abrasion and amortisation of about 25 actor euros ($28 million) this year and 40 actor euros abutting year.

Bids, which are due abutting month, are accepted to amount the aggregation at added than 20 times its accepted 2016 earnings, or added than 500 actor euros, the bodies accustomed with the amount said.

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Concept Laser, PJT and the abeyant bidders beneath to comment, or were not anon accessible for comment.

($1 = 0.8956 euros)

(Editing by Ludwig Burger and David Clarke)

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