Swedish investment company Mimir, headquartered in Stockholm, has completed its acquisition of Osprey from Sandvik. Osprey will now operate as an independent advanced materials company, supplying gas atomised metal powders, controlled expansion alloys and engineered materials for demanding applications.

With production sites in Neath, Wales and Sandviken, Sweden, Osprey combines more than 50 years of metallurgical expertise with established manufacturing capabilities and long-standing customer relationships. Under Mimir’s ownership, the company will reportedly focus on developing its advanced materials business through investment in capacity, alloy development and long-term customer partnerships.