Investment Summary

Sandvik Invests In Beam IT

On July 12, 2019, Sandvik invested in information technology company Beam IT

Investment Highlights
  • This is Sandvik’s 1st transaction in the Information Technology sector.
  • This is Sandvik’s 1st transaction in Italy.

Investment Summary

Date 2019-07-12
Target Beam IT
Sector Information Technology
Investor(s) Sandvik
Deal Type Stake Purchase

Target

Beam IT

Fornovo di Taro, Italy
Beam IT SPA is a provider of metal Additive Manufacturing (AM) services and advanced end-use components. Beam IT is a trusted supplier of metal AM end-components to demanding industries, including automotive, energy and aerospace, and holds several relevant quality certifications to serve these industries.

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Investor(S) 1

Investor

Sandvik

Stockholm, Sweden

Category Company
Founded 1862
Sector Engineering
Employees41,400
Revenue 122.9B SEK (2024)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability, and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 17 of 62
Sector: Information Technology M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Italy M&A 1 of 2
Year: 2019 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 Newtrax Technologies

Montreal, Quebec, Canada

Newtrax Technologies, Inc. is a provider of technology in wireless connectivity to monitor and provide insights on underground operations, including people, machines and the environment.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 Varel Energy Solutions

Houston, Texas, United States

Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas.

Sell -