STOCKHOLM, Sweden, June 1, 2026 – Sandvik is exiting the metal powder manufacturing business through an agreement to sell its Additive Manufacturing unit to Swedish investment firm Mimir. The move removes a business that produces materials for additive manufacturing, metal injection molding and hot isostatic pressing. This is a portfolio shift within Sandvik’s Machining division as the company reassesses growth opportunities and investment priorities.
The Additive Manufacturing business also manufactures expansion alloys for specialized industrial applications. The divestment follows an evaluation of its portfolio based on market position, growth potential and investment requirements.
“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 transaction will result in an impairment loss of approximately SEK 230 million, related to property, plant and equipment. The non-cash impairment will be reported as an item affecting comparability in Sandvik’s profit and loss statement in Q2. The transaction is expected to close in Q3-2026.
Source: Sandvik Group
About Sandvik Group
Sandvik Group, established in 1862 and headquartered in Stockholm, Sweden, is an engineering company specializing in solutions that improve productivity, profitability, and sustainability across the manufacturing, mining, and infrastructure industries. The company operates through three main business areas, Sandvik Mining and Rock Solutions, Sandvik Rock Processing Solutions, and Sandvik Manufacturing and Machining Solutions. Their offerings include equipment and tools for metal cutting, mining, and rock excavation, as well as advanced stainless steel and special alloys.