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Sandvik acquires 30% stake in Beam-IT with right to increase control over time

July 15, 2019 / Sam Davies

Sandvik has acquired a 30% stake in additive manufacturing service provider Beam-IT with the option to increase its control at a later date. The investment in the Italian service bureau has been made to enhance Sandvik’s metal additive manufacturing offering according to Sandvik's leadership team. Sandvik has had a play in the AM market since 2013, looking to harness its wealth of experience in materials and post-processing methods to bring powder alloys to market and advise customers through the entire 3D printing process. Earlier this year, the company integrated its Powder division into its Additive Manufacturing division to bring these offerings together under one business unit. The investment in Beam-IT is a continuation of the company’s ambition to have a growing presence in the wider manufacturing industry, a presence it hopes to achieve by investing in additive.