Bengaluru: Leading engineering and technology solutions provider, AXISCADES Technologies Ltd., has announced the successful acquisition of add-solution GmbH, a specialized German company focused on automotive design and development.
The acquisition bolsters AXISCADES’ capabilities in the automotive sector, particularly in services like Electrical Distribution System engineering, testing and software development, wiring systems, component engineering, and automation for global automotive OEMs. With strong relationships built over years of outstanding delivery, add-solution holds significant expertise and associations with major automotive OEMs and Tier 1 suppliers.
This strategic move not only enhances AXISCADES’ presence in Germany, one of the largest automotive markets globally but also reinforces its position within the automotive vertical.
Arun Krishnamurthi, CEO and MD of AXISCADES Technologies Limited, emphasized the strategic advantages of the acquisition, stating, “We’ve consistently expanded into new segments and grown our market share through acquisitions. The addition of add-solution is another step towards our goal of becoming the world’s leading engineering solutions provider. This acquisition strategically positions us in the automotive domain, offering offshore opportunities and access to key global automotive OEMs. Its relevance extends to legacy OEMs as well as emerging players in the electric vehicle (EV) sector, given add-solution’s impressive track record of over two decades in this field. By harnessing our combined strengths, we aim to amplify our global capabilities and scale up our operations.”
Founders of add-solution GmbH, Bernd Schober and Alexander Kellersman, shared their views on the acquisition, highlighting the complementarity of the two companies. “Add-solution aligns perfectly with AXISCADES’ portfolio, enabling us to unlock diverse opportunities across the world. We anticipate substantial growth in both revenue and margins through the synergies that this collaboration will bring. We’re excited to embark on this innovative journey alongside AXISCADES.”
This acquisition propels AXISCADES towards solidifying its leadership in engineering and technology solutions within the automotive sector. It underlines the company’s commitment to advancing the industry while delivering exceptional value to stakeholders. With its enriched capabilities and expanded global footprint, AXISCADES is well-positioned to drive innovation and contribute to the evolution of the automotive landscape.