Quick Summary
• Global materials company Sandvik has left the 3D printing market; the Osprey must now fly from the Sandy Bay. Sandvik started engaging with the 3D printing market in the mid-2010s....
Additional Context
Global materials company Sandvik has left the 3D printing market; the Osprey must now fly from the Sandy Bay. Sandvik started engaging with the 3D printing market in the mid-2010s. It bet big on a partnership with Italian service bureau BEAMIT—qualifying materials with the service, creating joint ventures around it, and working to make parts in aerospace—but ultimately, the partnership soured. Sandvik bought a major stake in BEAMIT in 2019. The duo then acquired finishing solution Proxera and others. The company also worked with Renishaw and made mining parts, partnered with companies to make bike parts, worked with Immensa, made 3D printed nuclear parts, and more.
In 2023, I loved Sandvik’s approach to the market and strategy. Later, there were differences over valuation, and the proper