Naxnova, formerly known as Classic Stripes and a leader in surface augmentation and technology solutions, has announced its acquisition of Advanced Thermal Technologies (ATT), an Austria-based pioneer in thermal management solutions. This strategic move, coming shortly after the acquisition of Belgium-based Quad Industries, signifies Naxnova’s commitment to delivering innovative solutions globally.
ATT specializes in Advanced Driver Assistance Systems (ADAS) Sensor and Camera Heating Solutions, Vehicle Cabin Solutions, Battery Heating Solutions, and more, catering to industries such as automotive, aerospace, retail, and building. With renowned R&D capabilities and a client roster featuring prestigious brands like Porsche, Airbus, and Daimler, ATT brings invaluable expertise to Naxnova.
Salil Musale, Managing Director of Naxnova, expressed enthusiasm about the acquisition, highlighting the company’s dedication to innovation and customer satisfaction. He emphasized the potential for accelerated product development and market expansion, particularly in India.
The founders of ATT echoed this sentiment, expressing excitement about joining forces with Naxnova to enhance their reach and capabilities. They believe that the partnership will accelerate product development and offer enhanced value to customers across industries.
This acquisition, coupled with the earlier acquisition of Quad Industries, sets the stage for a new era of growth and innovation for Naxnova. The integration of cutting-edge technologies from ATT into Naxnova’s portfolio positions the company to deliver enhanced value to customers globally.
