Surface augmentation and technology solutions company, Naxnova has acquired Advanced Thermal Technologies (ATT), a pioneer in thermal management solutions based in Austria. Naxnova was earlier known as Classic Stripes.
"This is the second acquisition in a row made by the company in recent months. It acquired Belgium-based Quad Industries to reinforce their commitment towards delivering innovative solutions to customers worldwide," the company said in a statement.
ATT has built a reputation for design, development and manufacturing in Advanced Driver Assistance Systems (ADAS) Sensor and Camera Heating Solutions, Vehicle Cabin Solutions, Battery Heating Solutions, Battery Diagnostic Solutions, Seat Sensing and Heating Solutions, etc., serving a diverse range of industries including automotive, aerospace, retail and building.
The company provides services to the major names such as Porsche, Airbus, Daimler, Valeo, among others, it said.
Commenting on the second acquisition in the last 30 days, Salil Musale, managing director, 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.
