Swedish multinational Sandvik has transferred its metal powders division for 3D printing to investment firm Mimir. The company believes this area would grow better under a specialized owner, while it focuses on its core operations. This move follows the restructuring trend in the industrial additive manufacturing sector.
Metal powders: the key ingredient changing hands 🔄
The sold unit produces titanium, stainless steel, and superalloy powders for 3D printing. Sandvik determined that its core business of cutting tools and mining offers more stable returns. For Mimir, the acquisition represents a bet on a market that, while growing, is still seeking consolidation. The deal could influence the material supply chain for industrial parts manufacturers.
Sandvik gets off the 3D train: powders that didn't deliver 🚂
It seems Sandvik preferred not to keep waiting for the 3D powder business to take off like a rocket. Now Mimir will have to deal with the task of convincing the industry that these powders are not just an expensive dust for science fiction dreams. In the end, 3D printing remains that promise that, like acorn-fed ham, promises a lot but takes time to reach the table.