Sandvik says that it has acquired a significant stake in Beam IT, a European-based additive manufacturing (AM) service provider, with the right to increase its stake over time.

According to the company, Beam IT complements Sandvik’s existing AM products. ‘The investment is also in line with Sandvik’s strategic ambition to become a leading solution provider for the wider component manufacturing industry,’ Sandvik said.

Beam IT is a privately-owned company based in Italy, which makes metal 3D printed components for industries such as aerospace, automotive, energy and racing. In 2018 Beam IT had 38 employees and more than 20 powder bed fusion systems installed. 

‘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 Sandvik Additive Manufacturing.

This story uses material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.