VMPL
New Delhi [India], October 16: Naxnova, a global leader in printed electronics and decorative solutions, today announced the acquisition of HS Products Engineering (HSP), a highly reputed German engineering & manufacturing company specializing in high-end precision products for the luxury automotive market.
This acquisition is expected to be both profit and growth accretive from day one, significantly enhancing Naxnova’s growth in both comfort and decorative solutions for the automotive industry.
The acquisition is expected to immediately add USD 40-50 million to Naxnova’s revenues, while positioning the company as a leading force in the luxury decorative and printed electronics sectors.
HS Products Engineering is renowned for its exceptional craftsmanship and established partnerships with some of the world’s most prestigious luxury brands, including Rolls Royce, Bentley, Porsche, Audi, and BMW.
Specializing in premium aesthetics and comfort product categories for the luxury automotive sector, HSP has built an impeccable reputation for innovation, quality and precision.
This acquisition strengthens Naxnova’s product offerings by combining HSP’s expertise in high-end aesthetics with Naxnova’s global reach and technological innovations in printed electronics.
By leveraging HSP’s established products , engineering capabilities and customer relationships, Naxnova has begun aggressive developments with major OEMs in the EU, US, India and the Middle East to drive accelerated growth.
Commenting on the acquisition, Salil Musale, Managing Director of Naxnova, stated:Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News
HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
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