Naxnova acquired ATT to accelerate product development and market expansion

By OEM Update Editorial April 12, 2024 1:38 pm IST

Naxnova has acquired Advanced Thermal Technologies (ATT), an Austrian pioneer in heat management solutions. The acquisition intends to speed product development, broaden market reach, and open up new avenues for collaboration and partnership.

Naxnova, a global leader in surface augmentation and technology solutions, formerly known as Classic Stripes, disclosed its acquisition of Advanced Thermal Technologies (ATT), an Austria-based pioneer in thermal management solutions. This strategic acquisition, which follows the acquisition of Belgium-based Quad Industries, is another key step forward in Naxnova’s expansion plan, strengthening their commitment to providing innovative solutions to customers globally.

ATT has established credibility for designing, developing, and manufacturing Advanced Driver Assistance Systems (ADAS) Sensor and Camera Heating Solutions, Vehicle Cabin Solutions, Battery Heating Solutions, Battery Diagnostic Solutions, Seat Sensing & Heating Solutions, and more, serving a wide range of industries including automotive, aerospace, retail, and construction. With world-class R&D capabilities and a track record of serving major customers around the world, including famous OEM brands like as Porsche, Airbus, Daimler, and Valeo, among others, ATT offers essential expertise and experience to the Naxnova family. Together with Advanced Thermal Technologies, the team intends to expand its capabilities and provide even more value to clients and stakeholders worldwide.

Salil Musale, Managing Director, Naxnova, said, “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 incorporating ATT’s cutting-edge technology and experience into Naxnova’s portfolio, the team is poised to provide greater value to our customers across many industries. This acquisition not only increases their capabilities, but also opens the door to aggressive development and commercialisation of next-generation thermal management solutions for customers worldwide, particularly in India.

In response to the acquisition, the founders of Advanced Thermal Technologies (ATT) expressed their enthusiasm and optimism. They said, “Joining forces with Naxnova presents an exciting opportunity for us to further expand our reach and capabilities. We are proud of the reputation we have built in delivering innovative thermal management solutions to esteemed clients worldwide, and we are confident that together with Naxnova, we can achieve even greater success.” “Naxnova’s commitment to innovation and customer satisfaction aligns perfectly with our own values, and we believe that this partnership will enable us to accelerate product development and offer enhanced value to our customers across various industries.”

This second acquisition heralds a new era of growth and innovation for the homegrown enterprise. While the newly acquired Belgium-based Quad Industries, along with ATT, will form a value chain that will capitalise on the synergies of all three firms to bring innovation and next-generation solutions to consumers worldwide.