BeamIT specialises in metal components for industries such as automotive, energy and aerospace. With over 20 Powder Bed Fusion printers, the company produces parts through DMLS, EBM and SLS methods.
 
Kristian Egeberg, President of the Additive Manufacturing department in Sandvik said: “The AM sector is establishing fast and there is a need for AM-specialist-partners with the advanced skills and resources needed to help industrial customers develop and launch their AM programs. With this investment we provide our consumers with the opportunity to access the complementary and combined power of Sandvik and Beam IT.”
 
In its 12 July press production, Sandvik said that Beam IT had revenues of around $7.5mn with 38 employees. The purchase price was not disclosed, though Sandvik can enhance its stake over time.
 
“The investment in Beam IT will complement our current offer in Additive Manufacturing,” said Lars Bergström, President of Sandvik Machining Solutions. “It is also in line with Sandvik’s strategic ambition to become a leading solution provider for the wider component manufacturing industry.”



This article is originally posted on Tronserve.com