Sandvik to sell Osprey MIM and AM powder business to Mimir
Swedish global investment firm Mimir, headquartered in Stockholm, has signed an agreement to acquire Sandvik’s Osprey metal powder business. Osprey offers a wide range of metal powders used in Additive Manufacturing (AM), Metal Injection Molding (MIM), Hot Isostatic Pressing (HIP) and cold spray technologies.
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With more than fifty years of experience in metal powder atomisation, Osprey offers the broadest product range in the market, with a catalogue of more than 2,000 alloy variations and over 400 different metal powders available at any one time. According to Mimir, the acquisition is expected to establish Osprey as a standalone global platform in gas-atomised metal powders, supplying growing end-use markets including defence, space, medical technology and energy.
”Osprey is precisely the kind of company we look for,” stated Joakim Notö, Managing Partner at Mimir. “It combines deep materials science, a world-class alloy library and decades-long customer relationships in markets with strong underlying growth. That combination creates barriers to entry that are very hard to build and even harder to copy – and that is where we see the potential to accelerate value creation.”
Mimir confirmed that it intends to intensify Osprey’s investment in product development, new alloys and international market expansion – with particular focus on Additive Manufacturing and other advanced manufacturing processes where demand is growing fastest.
Commenting on the news, Stefan Widing, President and CEO of Sandvik, added, “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.”
In connection with the transaction, Mats Gunnarsson, founder of MonteCap, will join Osprey as Chairman of the Board.
”Osprey has an unusually strong foundation to build on,” added Gunnarsson. “As an independent company, the business can direct its full focus towards customers, technology development and the segments where growth is strongest. I look forward to working with management and Mimir to step up the company’s next phase.”
The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals.
