Sandvik Sells Additive Manufacturing Business to Swedish Investment Firm Mimir

Sandvik AB is exiting additive manufacturing, selling its AM business unit to Swedish investment firm Mimir in a deal expected to close in Q3 2026. The division produces metal powders for metal injection molding and hot isostatic pressing, along with controlled expansion alloys for specialized industrial uses. Financial terms were not disclosed, though Sandvik noted an estimated impairment loss of approximately 230 million SEK ($24.5 million) related to property, plant, and equipment from the transaction. The divestiture follows Sandvik's 2024 sale of its 30% stake in Italian AM service provider Beamit.

This exit places Sandvik within a broader consolidation wave that has reshaped the AM supply chain over the past 18 months, including Lenbach Equity's March 2026 purchase of Trumpf's laser-metal-fusion and powder-bed-fusion operations and Stratasys's acquisition of Markforged from Nano Dimension. Sandvik's decision reflects a recurring pattern where diversified industrial conglomerates, having entered AM during its hype cycle, retreat when the business demands dedicated capital and patient timelines that conflict with core machining and mining operations. The sale removes a materials supplier that served both MIM and AM powder markets, narrowing the field of Western powder producers at a time when Chinese localization of metal powder supply chains is accelerating. For Mimir, the acquisition provides an established powder production platform with existing customer qualifications, though the business faces the challenge of competing against both larger incumbents like Carpenter Technology and Höganäs and lower-cost Asian entrants.

For the AM industry, this is a proportional signal of ongoing structural sorting rather than a systemic crisis. Sandvik's powder business was never a top-tier AM materials player by market share, and its exit frees production capacity that Mimir can potentially refocus. The practical question is whether Mimir invests in expanding the powder portfolio for high-growth AM applications like titanium alloys for consumer electronics and aerospace, or maintains the division as a cash-flow business serving legacy MIM and HIP customers. Buyers of metal AM powders should expect continuity during the transition but watch for any shifts in pricing or alloy availability post-close.