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Sandvik Takes Stake in Metal AM Services Firm Beam IT

July 16, 2019

Swedish engineering group Sandvik is expanding its presence in the additive manufacturing (AM) industry with the acquisition of a 30% stake in Italian metal AM services and advanced end-use components firm Beam IT, a recent release announced. 

“The investment in Beam IT will complement our existing offer in Additive Manufacturing. It also is in line with Sandvik’s strategic ambition to become a leading solution provider for the wider component manufacturing industry,” Lars Bergström, president of Sandvik Machining Solutions, said in a statement. 

Operating more than 20 powder bed fusion printers, Beam IT is a provider of metal AM end components to a range of industries, including aerospace, energy, and automotive. The Italian company has operated in the additive manufacturing space for over two decades. 

“The AM sector is developing fast and there is a need for AM-specialist-partners with the advanced skills and resources required to help industrial customers develop and launch their AM programs. With this investment, we provide our customers with the opportunity to access the complementary and combined power of Sandvik and Beam IT,” Kristian Egeberg, president of Sandvik’s Additive Manufacturing division, said in the release. 

Sandvik did not reveal the financial terms of the transaction.

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