Sandvik AB (Stockholm, Sweden) 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 molding and hot isostatic pressing, as well as controlled expansion alloys for specialized industrial applications.
Sandvik 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.
“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.
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. The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals.
By Mary Bailey
Source: chemengonline.com
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