AXISCADES Technologies acquires Germany-based add-solution GmbH
Indian engineering and technology solutions titan, AXISCADES Technologies Ltd. has announced its acquisition of add-solution GmbH, a prominent German automotive design and development firm. Add-solution is revered for its expertise in Electrical Distribution System engineering, software development, wiring systems, component engineering, and automation, serving top-tier global automotive OEMs.
This pivotal acquisition marks AXISCADES Technologies’ intensified focus on the automotive sector and amplifies its footprint in Germany, a global powerhouse in the automotive domain. Moreover, it solidifies the firm’s connections with elite Automotive OEMs and Tier 1 entities, a testament to add-solution’s impeccable delivery and distinct proficiencies accumulated over years.
AXISCADES Technologies’ CEO and MD, Arun Krishnamurthi, lauded the acquisition as a strategic move, aligning with the company’s overarching vision of leading the engineering solutions landscape globally. “The acquisition ushers AXISCADES into the automotive arena with notable offshoring opportunities and invaluable access to premier automotive OEMs. Furthermore, add-solution’s impressive two-decade legacy in both conventional and electric vehicle sectors positions us uniquely to elevate our global offerings and scale our operations,” Krishnamurthi articulated.
Add-solution’s founders, Bernd Schober and Alexander Kellersman, expressed their optimism regarding the merger. They emphasized how their company seamlessly aligns with AXISCADES’ robust portfolio, forecasting a promising surge in both revenue and margins due to the synergistic possibilities. “Joining hands with AXISCADES marks an exhilarating phase of innovation, and we are thrilled to spearhead this journey together,” they shared.
In culmination, this strategic move propels AXISCADES Technologies to the zenith of global engineering and technology solutions within the automotive sphere, reflecting its unwavering commitment to revolutionizing the industry and delivering unparalleled value to all stakeholders.