Sandvik Acquires Stake in Beam IT
This deal strengthens their existing capabilities in metal 3D printing.
Posted: July 15, 2019
Sandvik AB (Stockholm, Sweden) acquired a significant stake in privately-owned Beam IT (Fornovo di Taro, Italy), with the right to further increase their stake over time. Beam IT is a leading European-based additive manufacturing service provider that will complement and further strengthen Sandvik’s existing offer in metal 3D printing. This investment is also in line with their strategic ambition to become a leading solution provider for the wider component manufacturing industry.
Beam IT has more than 20 years of experience in metal 3D printing as a supplier of advanced metal AM-components to demanding industries like aerospace, automotive, energy and racing. They hold a number of relevant quality certifications, including AS 9100 for aerospace and NADCAP approval. In 2018, the company had 38 employees and more than 20 powder bed fusion printers installed. Sandvik has a leading position in metal powder for 3D printing and 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. Earlier this year, they integrated their Powder division into the Additive Manufacturing division to create a full-value offering to the AM-market in one business – covering everything from metal powder to finished AM-components.
“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,” said Kristian Egeberg, the president of Sandvik Additive Manufacturing.
“The demand for additively manufactured components is expected to grow rapidly the coming years,” noted Mauro Antolotti, the chairman and founder of Beam IT. “In Sandvik, we have a very good owner who can help us accelerate growth and provide leading materials expertise, development of high-quality metal powder suited for all AM processes, as well as world-leading post-processing know-how.”
“We are extremely pleased to announce this deal and partnership, which aims to leverage synergies and further strengthen both companies’ position on the metal AM market,” added Michele Antolotti, the president of Beam IT. “Our partnership will definitely benefit both current and future AM-customers going forward.” The parties have agreed not to disclose the purchase price.
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