MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Sandvik Acquires 30% Stake Beam IT

Sandvik (OTCPK:SDVKY) has acquired a 30% stake in privately owned Italian company Beam IT, a leading provider of metal additive manufacturing services and advanced end-use components. Sandvik also acquiredthe right to further increase its stake over time. Terms of the transaction were not disclosed.

"The investment in Beam IT will complement our existing offer in Additive Manufacturing. It is also in line with Sandvik's strategic ambition to become a leading solution provider for the wider component manufacturing industry," says Lars Bergström, President of Sandvik Machining Solutions.

Beam IT generated revenues of about SEK70 million (US$7.5 Million) in 2018.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center