Sandvik acquires stake in Beam IT
Sandvik has acquired a 30 percent stake in Beam IT, a Europe-based additive manufacturing service provider.
The companies did not disclose the purchase price.
The acquisition will complement and strengthen Sandvik’s existing offer in metal additive manufacturing. The investment is also in line with Sandvik’s strategic ambition to become a leading solution provider for the wider component manufacturing industry.
Beam IT is a privately-owned company based in Italy, with more than 20 years of experience within metal additive manufacturing (AM). The company is a supplier of advanced metal AM-components to industries such as aerospace, automotive, energy and racing – and holds a number of quality certifications, including AS 9100 for aerospace and NADCAP approval. In 2018 Beam IT had 38 employees and more than 20 powder bed fusion printers installed.
Sandvik has a leading position in metal powder for additive manufacturing and, since 2013, has made sizeable investments into a wide range of AM process technologies for metal components, including powder bed fusion (laser and electron beam) and binder jetting.
“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 the investment in Beam IT we provide our customers with the opportunity to access the complementary and combined power of Sandvik and Beam IT,” said Kristian Egeberg, president of Sandvik Additive Manufacturing.
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