# Naxnova acquires 74% stake in Quad Industries for Rs 90 crore

Naxnova, a design and technology enterprise, acquired a 74% stake in Quad Industries Belgium, a printed electronics manufacturer, for Rs 90 crore (€10 million). The deal includes plans to acquire the remaining stake over coming quarters.

- Type: Acquisition
- Announced: 2024-03-21
- Where: Belgium, Belgium
- Value: $10.8M (900.0M INR)
- Status: announced
- Products: printed electronics, user interfaces
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Medical Devices](https://endata.com/sectors/medical-devices.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Quad Industries](https://endata.com/companies/38904.md) (target)
- [Naxnova](https://endata.com/companies/76357.md) (acquirer)

## Sources

- [startupstorymedia.com](https://startupstorymedia.com/insights-naxnova-acquires-quad-industries-for-rs-90-crore/), 2024-03-21: "This strategic acquisition aligns with our growth strategy to offer the latest advanced products to our customers globally."

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