- With this strategic move, an indigenous Indian brand ventures into the European market, marking its expansion
Mumbai/Brussels, March 21, 2024: Naxnova, formerly known as Classic Stripes, a prominent design and technology company specializing in surface augmentation, announces its acquisition of Quad Industries Belgium. The INR 90 crores deal positions Naxnova as a frontrunner in disruptive product offerings, bolstering its market presence globally.
Established in 1998, Quad Industries Belgium is renowned for its advanced technology in developing and manufacturing user interfaces and printed solutions for various sectors in the European Union. Led by Arne and Ruben Castleyn, Quad Industries brings complementary capabilities to Naxnova, particularly in automotive, consumer goods, and healthcare sectors.
Mr. Salil Musale, Managing Director of Naxnova, expresses excitement about the strategic move: “We are thrilled to welcome Quad Industries into the Naxnova family. This acquisition perfectly aligns with our growth strategy, allowing us to offer advanced products globally, especially in the Indian market.”
Mr. Ruben Castleyn, Founder & Managing Director of Quad, also shares enthusiasm: “Joining forces with Naxnova presents an excellent opportunity. Together, we will continue to push the boundaries of technology and shape the future of printed electronics.”
Naxnova’s commitment to innovation extends to its product lineup, enhancing interior and exterior branding, safety, comfort, and convenience. With an aggressive entry into the Indian white goods and passenger car segments, Naxnova aims to revolutionize the market, in line with the vision of designing and manufacturing products in India for the world.
For more information about Naxnova and Quad Industries Belgium, please visit www.naxnova.com and www.quad-ind.com respectively.
