Mimir has completed its acquisition of Osprey from Sandvik, establishing an independent advanced materials company with production sites in the UK and Sweden. The focus now turns to supporting Osprey’s next phase of development as a freestanding enterprise.
Osprey develops and manufactures gas atomised metal powders, controlled expansion alloys and engineered materials for demanding applications across aerospace, defence, medical technology, energy and advanced manufacturing. Founded in 1974, the business combines more than 50 years of metallurgical expertise with a portfolio of over 2,000 powder grades and established customer relationships.
The acquisition reflects Mimir’s strategy of acquiring businesses from larger corporate groups and developing them as focused, independent companies. Osprey’s technical expertise, qualified manufacturing capabilities and position in demanding end markets provide a strong foundation for long-term growth. MonteCap is co-investing alongside Mimir, and its founder, Mats Gunnarsson, brings extensive industry experience as he joins Osprey as Chairman at closing.
“Osprey has deep technical expertise and a strong foundation to build on,” said Joakim Notö, Group Chairman & Managing Partner, Mimir. “Our role is to give the business the focus, investment and speed of decision making to take its next step. We have carved out and built a significant number of businesses since 2017.”
Operations continue at Osprey’s production sites in Neath, Wales and Sandviken, Sweden. Customers will continue to work with the same teams and receive products manufactured on the same qualified lines, to the same specifications. Existing contracts, orders and technical contacts remain unchanged, and ordering continues without interruption.
About Osprey
Osprey is an independent advanced materials company with extensive expertise in metallurgy, gas atomisation and engineered materials, and serves customers across aerospace, space, defence, medical, dental, energy, automotive and advanced manufacturing.
About Mimir
Mimir specialises in acquiring divisions and business areas from larger groups and driving powerful, global growth through strategic investment in high-technology businesses. Previous investments include the defence-tech company Euroatlas GmbH and the fintech company Everspring.
For enquiries about the transaction or Mimir, please contact:
Joakim Notö, Group Chairman & Managing Partner, Mimir
joakim.noto@mimirinvest.com
+46 739 86 36 37
Enquiries relating to Sandvik should be directed to Sandvik.
