---
title: Osprey becomes an independent company with strategic agenda
description: Mimir has completed its acquisition of Osprey from Sandvik. Osprey is now an independent advanced materials company based in Neath and Sandviken.
---

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Press release  5 October 2026 2 min read

# Osprey becomes an independent company with strategic agenda

Neath, Wales and Sandviken, Sweden, 1 October 2026

**Neath, Wales and Sandviken, Sweden, 1 October 2026**

Swedish investment company Mimir has completed its acquisition of Osprey from Sandvik. Osprey now operates 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 focus on developing its advanced materials business through investment in capacity, alloy development and long-term customer partnerships.

Customers will continue to work with the same teams and receive products made on the same qualified production lines, to the same specifications. Existing contracts, orders and technical contacts remain unchanged, and ordering continues without interruption. Customers will be notified directly in advance of any changes to company names or registration details on documentation.

> “Osprey has deep technical expertise and a strong foundation to build on. 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, and we intend to be a long-term owner.”
> 
> Joakim Notö, Group Chairman & Managing Partner, Mimir

## 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 supporting their growth through strategic investment in high-technology businesses. Previous investments include the defence-tech company Euroatlas GmbH and the fintech company Everspring.

## Media enquiries

Joakim Notö, Group Chairman & Managing Partner, Mimir  
[joakim.noto@mimirinvest.com](mailto:joakim.noto@mimirinvest.com)  
[+46 739 86 36 37](tel:+46739863637)

Enquiries relating to Sandvik should be directed to Sandvik. 

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Osprey is an independent advanced materials platform — engineering the metallurgy, atomisation and material technologies behind next-generation manufacturing.

Neath · UKSandviken · SE

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