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Naxnova Expands Global Footprint with Acquisition of Germany's HS Products Engineering
The Business Guardian
|October 17, 2024
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.
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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.
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