Sandvik will sell its Additive Manufacturing unit to Mimir, enabling focused growth while recording a non-cash impairment charge.
Sandvik has announced the signing of an agreement to divest its Additive Manufacturing business unit to Mimir, a Sweden-based global investment company. The transaction represents another step in Sandvik’s ongoing strategy of actively reviewing and optimizing its business portfolio to ensure that each operation is positioned for sustainable growth and long-term value creation.
The Additive Manufacturing unit, currently reported within Sandvik’s Machining business area, specializes in the production of advanced metal powders and engineered materials used in a variety of industrial applications. These products play a critical role in additive manufacturing processes, commonly known as 3D printing, as well as in metal injection molding and hot isostatic pressing technologies. The business also develops controlled expansion alloys that are utilized in highly specialized industrial sectors where precision material properties are essential.
According to Sandvik, the company regularly conducts comprehensive evaluations of its portfolio to determine whether individual businesses align with strategic objectives. These assessments consider several factors, including competitive market position, opportunities for profitable expansion, future investment requirements, and the overall ability of the business to generate long-term value. Following such a review, Sandvik concluded that the Additive Manufacturing business would be better positioned to achieve its future growth ambitions under new ownership.
Commenting on the transaction, Sandvik President and Chief Executive Officer Stefan Widing emphasized that the divestment is designed to support the next stage of development for the Additive Manufacturing unit. He stated that the company believes Mimir can provide the dedicated attention, resources, and strategic platform necessary to help the business accelerate its growth and unlock its full potential. The move is expected to allow the business to focus more effectively on expanding its capabilities, strengthening customer relationships, and pursuing new market opportunities within the rapidly evolving advanced manufacturing sector.
From a financial reporting perspective, the Additive Manufacturing business has already been classified as an asset held for sale on Sandvik’s balance sheet. As a consequence of the planned transaction, the company expects to record an impairment charge of approximately SEK 230 million. The impairment is primarily related to property, plant, and equipment associated with the business. Sandvik clarified that this accounting adjustment is non-cash in nature, meaning it will not affect the company’s cash flow or liquidity position.
The impairment charge will be recognized in the company’s second-quarter financial results as an item affecting comparability in the income statement. Such classification is intended to provide investors and stakeholders with greater transparency regarding the one-time impact of the transaction on reported earnings.
The sale remains subject to customary regulatory approvals and other standard closing conditions. Assuming these requirements are met, the transaction is expected to be completed during the third quarter of 2026.
The divestment reflects Sandvik’s continued focus on sharpening its strategic priorities while ensuring that the Additive Manufacturing business gains access to an ownership structure specifically focused on supporting its future expansion. With Mimir taking ownership, the business is expected to pursue new growth opportunities in advanced materials and industrial manufacturing markets while benefiting from dedicated investment and strategic direction.
