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Sandvik Acquires Stake in Beam IT

July 15, 2019

Sandvik Machining Solutions, a Sweden-based provider of tools and tooling systems for metal cutting, has acquired a 30-percent stake in privately owned Beam IT, an Italian provider of metal additive manufacturing (AM) services and end-use components for automotive, energy and aerospace.

"The investment in Beam IT will complement our existing offer in AM,” says Lars Bergström, president of Sandvik Machining Solutions. “It also is in line with Sandvik's strategic ambition to become a leading solution provider for the wider component manufacturing industry." 

 

See also: Sandvik Coromant Company, Beamit

Technologies: Metal Powders

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