# AXISCADES Engineering board approves acquisition of add solution GMBH

AXISCADES Technologies' board approved the 100% acquisition of Germany-based add solution GMBH, specializing in automotive solutions for global OEMs, for a total purchase consideration between €4.3 million and €5.5 million.

- Type: Acquisition
- Announced: 2022-11-09
- Where: Germany
- Value: $5.00M (4.90M EUR)
- Status: announced
- Products: automotive solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [AXISCADES Technologies](https://endata.com/companies/66547.md) (acquirer)
- [add solution GMBH](https://endata.com/companies/66548.md) (target)

## Sources

- [indiainfoline.com](https://www.indiainfoline.com/news/mergers-acquisitions/axiscades-engineering-board-approves-100-acquisition-of-germany-based-add-solution-gmbh), 2022-11-10: "The Board has inter alia, considered and approved the 100% acquisition, in a phased manner, of 'add solution, GMBH', Germany, specializing in Automotive Solutions to Global OEMs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.