Sweden's Sandvik to divest additive manufacturing unit to Mimir

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 (~$24 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.

Note: The headline, insights, and image of this press release may have been refined by the ALCHEMPro staff; the rest of the content remains unchanged.

ALCHEMPro News Desk (JP)