Sandvik acquires 30% stake in Beam IT

Sandvik has acquired a 30% stake in privately owned Italian company Beam IT, a service provider of metal Additive Manufacturing (AM) services and advanced end-use components.

Beam IT is a trusted supplier of metal AM end-components to demanding industries, including automotive, energy and aerospace, and holds several relevant quality certifications to serve these industries. The company has more than 20 years of experience within Additive Manufacturing (AM) and has more than 20 Powder Bed Fusion printers installed.

In 2018, Beam IT generated revenues of about 70 M SEK, with its 38 employees. Sandvik has the right to further increase its stake over time. The parties have agreed not to disclose the purchase price.

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