Sandvik Acquires Substantial Holdings in Beam IT—Expanding Additive Manufacturing Presence
Sandvik continues to add to their high-tech offerings, as well as expanding Sandvik Additive Manufacturing with the recent investment in Beam IT. The Sweden-headquartered engineering group, specializing in metals, additive manufacturing, materials, metal cutting, and mining, has taken on a ‘significant’ stake in Beam IT, with the potential for further investment in the future.
This strategic partnership will not only strengthen Sandvik’s position in the additive manufacturing and wider component manufacturing industry but also metal 3D printing.
Currently, Sandvik is a leader in AM metal powder production, with continued and ‘sizeable’ investments within the industry. The Swiss company has over 150 years of materials technology and science in its formidable industrial background, with 75 years also spent developing post-processing methods.
“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 Beam IT we provide our customers with the opportunity to access the complementary and combined power of Sandvik and Beam IT,” said Kristian Egeberg, President of Sandvik Additive Manufacturing.
Continuing to refine their operation further, Sandvik also combined their AM and Powder divisions—allowing them to offer comprehensive solutions to their customers, from metal powder to finished AM parts.
“The demand for additively manufactured components is expected to grow rapidly the coming years,” said Mauro Antolotti, Chairman and founder of Beam IT. “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.”
With over 20 PBF printers installed, Beam IT also possesses AS 9100 certifications for aerospace, and NADCAP approval. The AM company began with a specialty in prototyping plastic parts, and then forged ahead into metal; today, their strengths are in serious innovation and a dedication to research and development and growth overall—with a focus on DMLS, EBM, and SLS processes. Beam IT is truly a cutting edge metal printing firm with exciting projects in areas such as Formula 1 and defence.
“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. Our partnership will definitely benefit both current and future AM-customers going forward,” said President of Beam IT, Michele Antolotti.
Sandvik has been a dynamic presence in 3D printing and additive manufacturing throughout the years, involved in other innovative and unique investments within the industry, and a continued focus on showcasing their dedication to related software and hardware.
What do you think of this news? Let us know your thoughts! Join the discussion of this and other 3D printing topics at 3DPrintBoard.com.[Source / Images: Sandvik Additive Manufacturing]
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