Sandvik acquires stake in Additive Manufacturing service provider BEAMIT
July 12, 2019
Sandvik reports that it has acquired a significant stake in Additive Manufacturing service provider BEAMIT SpA, Fornovo-di-Taro, Italy, with the right to further increase its stake over time. The acquisition of this stake is expected to complement and strengthen Sandvik’s existing offer in the metal Additive Manufacturing industry, and is also in line with Sandvik’s strategic ambition to become a solutions provider for the wider component manufacturing industry.
BEAMIT is a privately-owned company with more than twenty years of experience within metal Additive Manufacturing. It supplies advanced metal AM components to demanding industries such as aerospace, automotive, energy and racing, and holds a number of relevant quality certifications, including AS9100 for aerospace and NADCAP approval. In 2018, it employed thirty-eight staff and operated and over twenty Powder Bed Fusion AM systems.
Since 2013, Sandvik 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, Sandvik integrated its Powder division into its Additive Manufacturing division, meaning that it now has a full-value offering to the AM-market in one business – covering everything from metal powders 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 the investment in BEAMIT we provide our customers with the opportunity to access the complementary and combined power of Sandvik and BEAMIT,” stated Kristian Egeberg, President of Sandvik Additive Manufacturing.
Mauro Antolotti, Chairman and Founder of BEAMIT, added, “The demand for additively manufactured components is expected to grow rapidly in the coming years. In Sandvik, we have a very good owner who can help us accelerate the growth – and who can provide us with 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 with Sandvik, which aims to leverage synergies and further strengthen both companies’ position on the metal AM market,” added Michele Antolotti, President of BEAMIT. “Our partnership will definitely benefit both current and future AM-customers going forward.”