Naxnova acquires Austria based Advanced Thermal Technologies

This strategic move follows Naxnova's recent acquisition of Belgium-based Quad Industries.

Autocar Pro News Desk By Autocar Pro News Desk calendar 13 Apr 2024 Views icon3706 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Naxnova acquires Austria based Advanced Thermal Technologies

Naxnova, formerly known as Classic Stripes and a leading supplier of surface augmentation and technology solutions, has announced its successful acquisition of Advanced Thermal Technologies (ATT), a thermal management solutions provider based in Austria.

ATT has earned recognition for its design, development, and manufacturing of advanced driver assistance systems (ADAS) sensor and camera heating solutions, along with a range of other innovative thermal management solutions catering to industries such as automotive, aerospace, retail, and building. With prestigious clients like Porsche, Airbus, and Daimler, ATT brings a wealth of expertise and reputation to Naxnova's portfolio.

Salil Musale, Managing Director of Naxnova, shared "This acquisition strengthens Naxnova's commitment to innovation and customer delight. By combining our strengths with those of Advanced Thermal Technologies, we aim to accelerate product development, expand market reach, and create new opportunities for collaboration and partnership. These ingenious solutions in the field of Thermal Management will become a huge requirement for OEMs globally to ensure safety monitoring, and enhance human comfort. ATT stands out as one of the very few companies that have advanced technology in thermal science.”

“With this acquisition, we aim to commercialise these products with our current customers and new customers in India. This acquisition combined with our earlier announced acquisition of Quad Industries, Belgium is a perfect example of our Hon’ble Prime Minister’s vision of Design and Make in India for the World,” he further added.

By integrating ATT's advanced technologies into its offerings, Naxnova aims to deliver enhanced value to customers across sectors globally, with a particular focus on India. The acquisition not only strengthens Naxnova's capabilities but also accelerates the development and commercialization of next-generation thermal management solutions.

RELATED ARTICLES
Sany Heavy Industry India expands presence in Odisha

auther Autocar Pro News Desk calendar26 Apr 2024

The company is lining up Rs 1000 crore over the next three years as it strides to expand its capacities to meet the risi...

Wardwizard Innovations & Mobility Q4 profit jumps threefold

auther Autocar Pro News Desk calendar26 Apr 2024

The company's revenues during Q4FY24 stood at Rs 128.26 crore, up from Rs 50.76 crore in Q4FY23.

JBM showcases zero emission electric luxury coach ‘GALAXY’ and City Bus ‘ECOLIFE’ at Bus2Bus, Berlin 2024

auther Autocar Pro News Desk calendar26 Apr 2024

JBM showcases zero emission electric luxury coach ‘GALAXY’ and City Bus ‘ECOLIFE’ at Bus2Bus, Berlin 2024