Sandvik reports that it has acquired a large stake in Beam IT, an Italian additive manufacturing (AM) specialist, with the right to increase its stake over time.
Beam IT, a privately-owned company, supplies metal 3D printed components to industries such as aerospace, automotive, energy and racing. In 2018 it had 38 employees and more than 20 powder bed fusion printers 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.
The parties have agreed not to disclose the purchase price.
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.
