Sandvik Exits 3D Printing Business
Swedish engineering group Sandvik has ceased its additive manufacturing operations, marking a significant shift for the company in the 3D printing sector.
Sandvik, a global leader in metal powder production and additive manufacturing, has announced its strategic decision to exit the 3D printing business. The company's internal additive manufacturing division, which focused on powder production and printing services, will be discontinued.
This move comes after Sandvik acquired a 10% stake in the German 3D printing company SLM Solutions in 2022 and subsequently a 30% stake in the additive manufacturing software company Oerlikon AM in 2023. These acquisitions were seen as a way to strengthen Sandvik's position in the additive manufacturing ecosystem, focusing on its core competencies in advanced materials and digital manufacturing solutions.
Sandvik's primary focus will now be on its powder business, supplying high-quality metal powders to the additive manufacturing industry. The company aims to leverage its expertise in materials science and powder metallurgy to support other players in the 3D printing market, rather than directly engaging in printing operations. This strategic pivot allows Sandvik to concentrate on areas where it holds a strong competitive advantage.
The company's decision reflects a broader trend of consolidation and strategic realignment within the additive manufacturing industry. As the market matures, companies are increasingly focusing on their core strengths and seeking partnerships or acquisitions that complement their existing capabilities.
Sandvik's exit from direct 3D printing operations, while continuing its powder supply, signifies a strategic refinement in the additive manufacturing supply chain. This allows them to focus on materials expertise, a critical bottleneck for AM adoption in demanding sectors like aerospace. It highlights a market trend where companies are specializing rather than attempting vertical integration across the entire AM process.
Edited by the news editor with AI from the original report — please refer to the original source.