Naxnova, previously known as Classic Stripes and a leading player in surface augmentation and technology solutions, has announced a major step forward in its expansion efforts. The company has proudly revealed the successful purchase of Advanced Thermal Technologies (ATT), a trailblazer in thermal management solutions with its headquarters in Austria. This significant move comes shortly after Naxnova's acquisition of Quad Industries, a company based in Belgium. These consecutive acquisitions highlight Naxnova's firm commitment to providing state-of-the-art innovations to its worldwide customers.
ATT is widely recognized for its expertise in designing, developing, and manufacturing a diverse range of advanced solutions, including Advanced Driver Assistance Systems (ADAS) Sensor and Camera Heating Solutions, Vehicle Cabin Solutions, Battery Heating Solutions, Battery Diagnostic Solutions, Seat Sensing & Heating Solutions, among others. Serving industries such as automotive, aerospace, retail, and building sectors, ATT has distinguished itself with world-class R&D capabilities and a prestigious clientele including Porsche, Airbus, Daimler, and Valeo.
Salil Musale, Managing Director of Naxnova, expressed excitement about the strategic acquisition, highlighting its importance in reinforcing Naxnova's commitment to innovation and customer satisfaction. He emphasized the potential synergies between Naxnova and ATT, anticipating accelerated product development, expanded market presence, and enhanced collaboration opportunities. Musale emphasized the significance of thermal management solutions in ensuring safety and comfort, positioning ATT as a leader in thermal science.
Moreover, Musale elaborated on Naxnova's vision to utilize ATT's technological expertise to effectively enter the Indian market, aligning with the government's 'Design and Make in India for the World' initiative. By integrating ATT's advanced technologies, Naxnova aims to offer increased value to customers across various sectors, advancing its mission of global innovation and leadership.
In response to the acquisition, the founders of Advanced Thermal Technologies expressed optimism and enthusiasm for the growth opportunities alongside Naxnova. They praised Naxnova's dedication to innovation and customer satisfaction, noting shared values between the two entities. The founders anticipate accelerated product development and enhanced value for customers across diverse industries through this synergistic partnership.
This strategic acquisition represents a significant milestone in Naxnova's journey, heralding a new era of growth and innovation. The integration of Quad Industries and ATT into the Naxnova ecosystem forms a robust value chain, poised to deliver groundbreaking solutions globally. Leveraging synergies between these entities, Naxnova is positioned to lead advancements in thermal management solutions, further solidifying its global leadership in surface augmentation and technology solutions.