Naxnova, a leading provider of surface augmentation and technology solutions, formerly known as Classic Stripes, has announced its latest acquisition of Advanced Thermal Technologies (ATT), a renowned thermal management solutions pioneer based in Austria. This acquisition, hot on the heels of the recent procurement of Belgium-based Quad Industries, underscores Naxnova’s dedication to delivering cutting-edge solutions to clients worldwide.
ATT has earned acclaim for its expertise in designing, developing, and manufacturing Advanced Driver Assistance Systems (ADAS) Sensor and Camera Heating Solutions, Vehicle Cabin Solutions, Battery Heating Solutions, and more. Serving diverse industries including automotive, aerospace, retail, and building, ATT boasts world-class R&D capabilities and a distinguished clientele featuring top-tier OEM brands such as Porsche, Airbus, and Daimler.
Commenting on this strategic move, Mr. Salil Musale, Managing Director of Naxnova, expressed, “This acquisition reaffirms Naxnova’s commitment to innovation and customer satisfaction. By synergizing our strengths with those of Advanced Thermal Technologies, we aim to accelerate product development and expand market reach.” He further emphasized the importance of thermal management solutions in ensuring safety and enhancing human comfort, noting ATT’s advanced technology in the field.
With plans to commercialize ATT’s products in India, Mr. Musale highlighted the alignment with the vision of “Design and Make in India for the World,” championed by the country’s leadership.
In response, the founders of ATT expressed optimism about the collaboration, citing Naxnova’s dedication to innovation and customer-centric values. They anticipate accelerated product development and enhanced value proposition for clients across industries.
This acquisition marks a significant milestone in Naxnova’s journey, positioning the company as a global leader in thermal management solutions. Leveraging synergies between Naxnova, Quad Industries, and ATT, the company aims to drive innovation and deliver next-generation solutions to clients worldwide.
