---
title: "Sandvik gives up minority stake in metal AM service BEAMIT"
url: https://www.voxelmatters.com/sandvik-gives-up-minority-stake-in-metal-am-service-beamit/
date: 2024-10-01
modified: 2024-10-01
lang: en
author: "Davide Sher"
description: "At Capital Markets Day 2023, Swedish company Sandvik communicated a revised additive manufacturing strategy to focus mainly on metal powders and give up its minority stake in metal AM service..."
categories:
  - "Acquisitions, Mergers & Partnerships"
  - "Additive Manufacturing"
  - "AM Industry"
  - "Metal Additive Manufacturing"
tags:
  - "insights"
image: https://www.voxelmatters.com/wp-content/uploads/2022/11/Sandvik-Titanium-Powder-Plant-Sandviken-Sweden-001-640x430.jpg
word_count: 376
---

# Sandvik gives up minority stake in metal AM service BEAMIT

At Capital Markets Day 2023, [Swedish company Sandvik](https://www.voxelmatters.directory/company/sandvik/) communicated a revised additive manufacturing strategy to focus mainly on metal powders and give up its minority stake in [metal AM service provider BEAMIT](https://www.voxelmatters.directory/company/beam-it/). The company also decided to increase its focus on software solutions and enabling hardware in the Sandvik Manufacturing Solutions offering.

Due to these changes in strategic direction, the engineer-to-order business of DWFritz Automation (DWFritz) has been divested and the decision to seek an exit of the minority stake in BEAMIT has been made during the quarter. Charges totaling approximately SEK 390 million (about $39 million US) will be accounted for in the third quarter and reported as items affecting comparability. Out of the total charges, approximately SEK 250 million relates to a capital loss, including transactional costs, from the divestment of DWFritz, and about SEK 140 million ($14 million US) relates to a write-down of the stake in BEAMIT.

![Sandvik](https://www.voxelmatters.com/wp-content/uploads/2023/11/sandvik-dyndrite-consortium-1-scaled.jpg)(Photo: Sandvik)

Sandvik decided to seek an exit of its minority stake (approx. 30%) in the Italian additive manufacturing service provider BEAMIT. The decision to seek an exit is in line with Sandvik’s revised additive manufacturing strategy to focus mainly on metal powders. Sandvik [had acquired the minority stake in BEAMIT in 2019](https://www.voxelmatters.com/sandvik-and-beamit-to-show-latest-in-am-industrialization-at-formnext/). ​The Italian company experienced a period of rapid expansion, including the acquisition of the metal AM division of UK-based AM service provider 3T in 2021. More recently BEAMIT experienced lower demand, especially in the Italian side of the business.

Additionally, Sandvik has divested the engineer-to-order business of DWFritz to the U.S.-based private equity firm Balmoral Funds. Sandvik acquired DWFritz in 2021, to grow the ZeroTouch business of DWFritz. The ZeroTouch platform is a unique inspection gauging equipment enabling near-line and in-line metrology and is an important part of the closed-loop strategy. Since the acquisition, Sandvik has developed and started to commercialize ZeroTouch, which will not be part of the divestment but remain a part of Sandvik.

[Sandvik's metal AM powders business has](https://www.voxelmatters.com/sandvik-is-further-strengthening-its-powder-sales-organization/) been increasingly strengthened over the past four years, with the installation of [new atomization towers](https://www.voxelmatters.com/sandvik-installs-two-more-atomization-towers-at-production-site-in-uk/), a [stronger sales team](https://www.voxelmatters.com/sandvik-is-further-strengthening-its-powder-sales-organization/), high-profile partnerships (such as the one with Colibrium Additive on binder jetting) and the introduction new materials [such as cemented carbide and](https://www.voxelmatters.com/cemented-carbide-3d-printing-introduced-by-sandvik/) Osprey 2507 [super duplex steel](https://www.voxelmatters.com/sandvik-and-beamit-launch-osprey-2507-super-duplex-steel-for-am/).