3D Printing Service ProvidersAcquisitions & PartnershipsAM Industry

Sandvik acquires 30% stake in Italy’s BEAM-IT

Specific terms of the acquisition were not disclosed

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.”

Sandvik 30% stake Beam-IT
Beam-IT additive manufacturing facility

As a supplier of metal 3D printed components for a number of industries, Beam-IT holds many quality certifications to meet the needs of its customers, including AS 9100 for aerospace and NADCAP approval. The company, which has over 20 years of AM experience, currently operates over 20 powder bed fusion 3D printers—two of which were recently acquired from SLM Solutions.

“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,” said Kristian Egeberg, President of the Additive Manufacturing division in Sandvik. “With this investment we provide our customers with the opportunity to access the complementary and combined power of Sandvik and Beam-IT.”

Mauro Antolotti, Chairman and founder of Beam IT, added: “The demand for additively manufactured components is expected to grow rapidly 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.”

Last year, Beam-IT reportedly generated revenues of about $7.5 million (70 million SEK). The company currently employs 38 people. Specific terms of Sandvik’s purchase price were not disclosed.

Tags

Tess Boissonneault

Tess Boissonneault moved from her home of Montreal, Canada to the Netherlands in 2014 to pursue a master’s degree in Media Studies at the University of Amsterdam. It was during her time in Amsterdam that she became acquainted with 3D printing technology and began writing for a local additive manufacturing news platform. Now based in France, Tess has over two and a half years experience writing, editing and publishing additive manufacturing content with a particular interest in women working within the industry. She is an avid follower of the ever-evolving AM industry.

Related Articles

Leave a Reply

Your email address will not be published.

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
Close
Close

STAY AHEAD

OF THE CURVE

Join industry leaders and receive the latest insights on what really matters in AM!

This information will never be shared with 3rd parties

I’ve read and accept the privacy policy.*

WELCOME ON BOARD!