Swedish company Sandvik has just announced it has acquired a 30% stake in Beam-IT, an Italy-based provider of metal additive manufacturing services and 3D printed end-use components for a range of industries, including automotive, energy and aerospace.
Sandvik’s investment in the company—which could increase over time per the terms of the agreement—demonstrates the Swedish company’s intention to extend its additive manufacturing business. Since 2013, the company has increased its investments in additive manufacturing technologies significantly, with a particular focus on Powder Bed Fusion and Binder Jetting technologies.
“The investment in Beam-IT will complement our existing offer in additive manufacturing,” said Lars Bergström, President of Sandvik Machining Solutions. “It is also in line with Sandvik’s strategic ambition to become a leading solution provider for the wider component manufacturing industry.”