7/25/2019 | 1 MINUTE READ

Sandvik Acquires Stake in Beam IT

Sandvik has acquired a stake in Beam IT, a deal expected to strengthen both companies’ position in the metal AM market.

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Sandvik has acquired a significant stake in Beam IT, with the right to further increase its stake over time. Beam IT is expected to complement and further strengthen Sandvik’s existing offerings in metal AM. According to Sandvik, this investment is in line with its goal to become a solution provider for the wider component manufacturing industry.

“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,” says Kristian Egeberg, president of Sandvik Additive Manufacturing.

“[T]his deal and partnership with Sandvik aims to leverage synergies and further strengthen both companies’ position on the metal AM market,” says Michele Antolotti, president of Beam IT. “Our partnership will benefit both current and future AM customers going forward.”

Beam IT, privately-owned and based in Italy, is a supplier of advanced metal AM components to demanding industries like aerospace, automotive, energy and racing. The company also holds a number of relevant quality certifications, including AS 9100 for aerospace and NADCAP approval. In 2018 Beam IT had more than 20 powder-bed fusion printers installed.

Sandvik has a focus in metal powder for AM and since 2013 has made investments in a wide range of AM process technologies for metal components, including powder-bed fusion (laser and electron beam) and binder jetting.

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