Ooof, here’s hoping DiSanto Technology stays in Shelton. One can only hope, right?
After much whispering, CT Post confirmed that GE has officially acquired DiSanto Technology from Arcam, a Swedish company. GE also obtained German-based SLM Solutions from the company. The deal was worth $1.4 billion.
DiSanto, which employs about 100 people, works in additive manufacturing, otherwise known as 3D printing, to construct components for medical devices. While the news guarantees the plant stay in operation, many are concerned about the unintended consequences.
The announcement comes just a week after GE fully unveiled its sweet new Boston digs and moved 200 senior executives from Fairfield. It’s definitely an insult to injury for sure, considering Connecticut taxes were the reason why GE left the state in the first place. Now people are worried the taxes may come into play again over whether or nor DiSanto will remain in Shelton.
No word yet if GE plans to do that. But if the company is interested in negotiating tax breaks, let’s hope our representatives don’t “call their bluff.”