Chennai-based mobility engineering company BlueBinaries has signed a definitive agreement to acquire the automotive testing business of Germany-based software and systems provider MicroNova AG. This move marks a significant step in BlueBinaries' global expansion strategy. The acquired business will operate as a separate entity within the BlueBinaries Group under the name NovaBinaries GmbH.
The newly formed entity is expected to generate approximately $50 million in annual revenue. BlueBinaries aims to grow the combined business to around $100 million in revenue over the coming years. This transaction is a key part of the company's plan to expand its scale and strengthen its position in the global automotive technology market.
The acquisition expands BlueBinaries’ presence in the automotive testing services sector. Incorporating MicroNova’s automotive testing operations positions the new entity as a core part of BlueBinaries' broader mobility engineering activities. The move supports the company’s growth ambitions and enhances its reach in the international automotive industry.
Overall, the MicroNova deal represents a major expansion for BlueBinaries. Establishing NovaBinaries GmbH as a dedicated entity creates a business generating about $50 million in annual revenue and lays the foundation for achieving the company’s longer-term $100 million revenue target.
