Portfolio adjustment Sandvik to divest Additive Manufacturing unit

Source: Sandvik 1 min Reading Time

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The Additive Manufacturing business unit of Sandvik is to be sold to Swedish investment firm Mimir. The unit manufactures metal powders and controlled expansion alloys for specialized industrial applications.

Mimir is set to acquire Sandvik’s Additive Manufacturing business unit.(Source:  Sandvik)
Mimir is set to acquire Sandvik’s Additive Manufacturing business unit.
(Source: Sandvik)

Sandvik has signed an agreement to divest its business unit Additive Manufacturing to Mimir, a global investment firm based in Sweden. Additive Manufacturing, which is reported in business area Machining, manufactures metal powders used in areas such as additive manufacturing, metal injection moulding and hot isostatic pressing, as well as controlled expansion alloys for specialized industrial applications.

“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,” says Stefan Widing, President and CEO of Sandvik.

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