As part of its latest move to refocus business strategies, Swedish-based Sandvik announced plans to sell off its minority stake in Italian Additive Manufacturing (AM) service provider BEAMIT. In doing so, Sandvik aligns with the revised strategy of focusing primarily on metal powders within the Additive Manufacturing space.
In 2019, Sandvik took an initial 30% stake in BEAMIT to position itself firmly in the components manufacturing space. BEAMIT is an AM service bureau with over two decades of experience in the field.
With the investment of 3D printed components from Sandvik & BEAMIT, BEAMIT brought its expertise in post-processing with well-established capabilities and complementary skills in metal powders that the former has in-house.
However, in 2024, the company did indeed pivot by choosing to scale down its Additive Manufacturing strategy scope to the core areas like metal powders. It started the process of divesting its stake in BEAMIT. This is Sandvik’s effort to strive for integration around the segments with its changing business objectives.
The divestiture is seen while Sandvik exits strategic divestitures like engineer-to-order business DWFritz Automation – A private-based equity firm called Balmoral Funds. In 2021, Sandvik acquired DWFritz to develop the ZeroTouch® business, a part of DWFritz.
The ZeroTouch® unique inspection platform gauging component allows near & in-line metrology as a part of the closed-loop technique. This adjustment enables Sandvik to focus on growth areas based on long-term objectives and advanced manufacturing solutions.
Author: Nagarjun M
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