Sandvik Acquires Stake in Metal AM Service Provider
Sandvik acquired a 30% stake in privately owned Beam IT, a provider of metal additive-manufacturing (AM) services and advanced end-use components. Italy’s Beam IT supplies metal AM end components to demanding industries, including automotive, energy and aerospace, and holds several relevant quality certifications to serve these industries. The company has more than 20 powder-bed-fusion printers installed.
According to Sandvik, the investment complements its existing AM offerings and is also in line with the company’s strategic ambition to become a leading solution provider for the wider component manufacturing industry.