Sandvik is out of the additive manufacturing (AM) business.
The Swedish engineering company has signed an agreement to divest its Additive Manufacturing business unit to Swedish investment firm Mimir. The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals.
The business, which falls under its Machining segment, specialises in metal powders for AM, metal injection moulding and hot isostatic pressing, as well as controlled expansion alloys for specialised industrial applications. Sandvik has been operating in the AM space for more than two decades and, as recently as last year, introduced a new patent-pending MAR 55 tool steel powder for laser powder bed fusion, and partnered with Additive Industries as an approved powder supply partner for its metal AM powder loading platform.
Sandvik has been making revisions to its AM activities over the last two years. In 2024, the company exited its stake in Italian 3D printing service provider BEAMIT, after acquiring a 30% stake to bolster its AM presence back in 2019, and announced a revision to its AM strategy to focus primarily on metal powders. In a press release, Sandvik said it "continuously evaluates the portfolio to assess criteria such as market position, profitable growth potential and investment needs, and based on this evaluation process, the decision to divest Additive Manufacturing has been made."
Stefan Widing, President and CEO of Sandvik, said, "This divestment is intended to better position the Additive Manufacturing business for its next growth phase, and we believe the new owner will provide the platform and dedicated focus needed to further develop the business towards its full potential."
The Additive business is in the balance sheet classified as assets held for sale. As a result of the transaction, there will be an impairment loss, mainly related to property, plant and equipment, of approximately SEK 230 million. The impairment, which has no cash impact, will be reported as an item affecting comparability in the profit and loss statement in the second quarter.
