Novation Tech

What Novation Tech does

Novation Tech S.P.A. is a privately held European manufacturer of carbon fibre reinforced polymer (CFRP) and composite components, headquartered in Montebelluna, Italy. The company produces lightweight structural, interior, body, and seating components for premium and luxury automotive OEMs — its primary segment and a relationship it has held since 2007 — and also supplies aerospace, sports & leisure (bicycles, mountaineering equipment), and eyewear customers. Manufacturing is delivered through four core process families — autoclave moulding, compression moulding (including SMC and PCM), RTM moulding (Advanced and Light RTM), and finishing operations (water-jet cutting, CNC milling, robotic sanding/polishing, painting, assembly, and GOM metrology) — complemented by an in-house 3D Farm additive manufacturing service operating six different 3D printing technologies for prototypes, tooling, and small-batch parts.

The business operates as a Tier 1/Tier 2 B2B supplier with a direct enterprise field sales motion and just-in-time delivery to OEM customers. Revenue exceeds €100 million (2023, post-CiTre Color acquisition), supported by 1,400+ employees across five operational sites in Italy, Hungary, Croatia, Tunisia (operational from 2026), and Portugal. The group holds 6 patents with 20 implementations — including a dedicated aerospace composite manufacturing patent filed in 2018 — and reinvests 7–8% of annual turnover into R&D. The portfolio is IATF 16949:2016 certified for automotive quality across Italy, Hungary, and Croatia, and ISO 9001, ISO 14001, and ISO 45001 certified at the corporate level.

Capital structure is private: Keyhaven Capital Partners and management acquired 100% of the company in May 2017, and growth has been financed via operating cash flow supplemented by Hungarian government training grants (GINOP Plusz). Recent strategic activity has focused on vertical integration — 85% of CiTre Color Srl (painting) acquired in 2023 and 55% of MPC DesignWorks (composites design engineering, Portugal) acquired in 2025 — combined with capacity expansion at Trevignano (Italy) and a greenfield plant in Tunisia, extending a footprint that also includes wholly owned production in Hungary (Szeghalom, 680+ staff) and Croatia (Labin).

Name

Novation Tech

Legal name

Novation Tech S.P.A.

Website

https://novationtech.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

251–500 employees

Short description

Novation Tech is a privately held European Tier 1/Tier 2 manufacturer of carbon fibre and composite components for the automotive, aerospace, sports & leisure, and eyewear sectors, operating from five production sites across Italy, Hungary, Croatia, Tunisia, and Portugal with €100M+ revenue and 1,400+ employees.

Ownership category

akta.pro rank

Product category

Composite Materials Manufacturing

NAICS

Other Plastics Product Manufacturing (32619), Plastics Product Manufacturing (3261)

SIC

Aircraft & Parts (3720), Plastics Products, Nec (3089)

akta.pro primary industry

Composite Structures & Layup Manufacturing (IMABAEAB)

akta.pro secondary industries

Structural Assemblies & Integration (Airframe Subassemblies) (IMABAEAD), Additive Manufacturing (3D Printing of Plastics) (IMANAOAO), Composite & Continuous-Fiber 3D Printing Services (IMAAADAD), Fiber- & Mineral-Filled Reinforced Compounds (Glass/Carbon/Talc/CaCO3) (IMANABAI)

Keywords

• Carbon fiber manufacturing
• Composite materials processing
• Automotive carbon components
• Aerospace composite parts
• 3D printing services

Headquarters

HQ city

Szeghalom

HQ country

Hungary

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Carbon Fiber and Composite Component Manufacturing: Manufacturing and sale of carbon fiber reinforced plastics and composite components for automotive, aerospace, sports, and eyewear sectors. Revenue exceeded €100 million in 2023 following acquisition of CiTre Color Srl.
2. Engineering and Design Services: Through 55% stake in MPC DesignWorks, providing engineering services for composite component design from concept to production for high-performance vehicles.
3. 3D Printing Services: Additive manufacturing services for moulds, tools, equipment, and small parts with no minimum order quantity and quotes within 24 hours.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Novation Tech processes and manufactures carbon fiber reinforced polymer (CFRP) components and composite materials for the automotive, aerospace, sports & leisure, and eyewear sectors. The company operates an end-to-end production model covering feasibility studies, design, prototyping, moulding (autoclave, compression, RTM), finishing operations (cutting, CNC milling, robotic sanding/polishing/painting), assembly, and metrology. It also offers a 3D printing service (3D Farm) for additive manufacturing of moulds, tools, and small parts.

Product overview

Novation Tech is a European leader in carbon fiber and composite materials manufacturing, offering a comprehensive portfolio of products and production services. The core offering consists of carbon fiber reinforced polymer (CFRP) components for automotive, aerospace, sports & leisure, and eyewear sectors, supported by in-house design and R&D capabilities. The company operates multiple production technologies including Autoclave Moulding for high-quality aerospace components, Compression Moulding (including SMC) for high-volume automotive production, and RTM Moulding (Advanced and Light RTM) for medium-to-high volume components. Complementary services include the 3D Farm additive manufacturing division for molds, tools, and custom parts using six different 3D printing technologies (Multi Jet Fusion, photopolymerisation, FFF, Cast in Motion, Continuous Fiber Deposition, SLS), plus comprehensive finishing operations with robotic automation for sanding, polishing, painting, and assembly. The integrated approach enables delivery of finished products from feasibility studies through mass production.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Fiber and Composite Components Manufacturing Processing and manufacturing of carbon fiber reinforced polymer (CFRP) and composite components for automotive, aerospace, sports & leisure, and eyewear sectors. Services include component design support, prototyping, and mass production delivered as finished painted and assembled components.
• 3D Farm - 3D Printing Service Complete 3D printing service supporting clients from design through production, creating 3D printed moulds, equipment, tools, and small parts using six additive manufacturing technologies including Multi Jet Fusion, photopolymerisation, Fused Filament Fabrication, Cast in Motion, Continuous Fiber Deposition, and Selective Laser Sintering.
• Autoclave Moulding Primary process for producing high-quality composite components using uniform heat and pressure for thermal curing of carbon fiber prepreg materials, combined with metal inserts, honeycomb materials, and expanded materials for aerospace-grade and premium automotive applications.
• Compression Moulding (including SMC and PCM) Mechanical moulding process including traditional compression moulding and SMC for thermosetting composites with low operating costs ideal for high-volume production with Class A surface finish, plus PCM capability for higher-quality applications.
• RTM Moulding (Advanced RTM and Light RTM) Resin Transfer Moulding including Advanced RTM for medium-high volume with excellent thickness control and Light RTM (vacuum-assisted) for constant thickness, good mechanical properties, lower costs, and reduced production times.
• Finishing Operations Service Complete finishing services including water jet cutting, CNC milling, painting (glossy or matte finish), robotic sanding, robotic polishing, assembly of sub-components (buttons, electronics, LCD screens), and quality control with GOM metrology and scan box - delivered as a standalone service offering and as part of integrated component delivery.
• Engineering and Composite Component Design Services (via MPC DesignWorks) Engineering services for composite component design from concept to production for high-performance vehicles, focused on weight reduction, structural integrity, aesthetics, perceived quality, and manufacturing excellence - delivered via 55%-owned MPC DesignWorks in Lisbon, Portugal.
• High-Quality Painting of Carbon and Plastic Products (via CiTre Color Srl) High-quality painting services for carbon fiber and plastic products for the automotive sector, delivered via 85%-owned CiTre Color Srl in Oderzo (TV), Italy - integrated into Novation Tech's finished-component delivery.

Quantifiable outcome

• Surpassed €100 million revenue target in 2023
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• MPC DesignWorkscoreStrategic or Co-development Partner · 1 January 2025Acquired 55% stake in 2025. Engineering company specializing in design of composite material components for high-performance vehicles. Focus on weight reduction, structural integrity, aesthetics, perceived quality, and manufacturing excellence.
• CiTre Color SrlcoreStrategic or Co-development Partner · 1 August 2023Acquired 85% stake in August 2023. Company specializing in high-quality painting of carbon and plastic products for the automotive sector. This acquisition marked the first step in external expansion following years of consistent double-digit internal growth.
• FACCminorStrategic or Co-development PartnerIndustrial collaboration partner in advanced composite manufacturing mentioned in Hexcel partnership ecosystem.
• DuqueineminorStrategic or Co-development PartnerIndustrial collaboration partner in advanced composite manufacturing mentioned in Hexcel partnership ecosystem.
• ATCminorStrategic or Co-development PartnerIndustrial collaboration partner in advanced composite manufacturing mentioned in Hexcel partnership ecosystem.
• RIMACminorStrategic or Co-development PartnerIndustrial collaboration partner in advanced composite manufacturing mentioned in Hexcel partnership ecosystem.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Regional players

• Action Composites: European manufacturer of carbon fiber composite components for motorsport, automotive, and industrial customers. Comparable to Novation Tech as a regional European composite parts fabricator serving premium automotive programs.

Direct peers

• Carbon Revolution: Australian manufacturer of carbon fiber wheels for premium and performance automotive OEMs. Comparable as a focused carbon fiber automotive component supplier targeting the same Tier-1 OEM customer segment.
• Plasan: Tier-1 automotive supplier specializing in carbon fiber composite components for body panels, underbody, and structural parts. Direct peer to Novation Tech in automotive CFRP component manufacturing for premium and high-performance vehicles.
• Mubea Carbo Tech: Automotive Tier-1 supplier of carbon fiber composite components (drive shafts, structural parts) to premium OEMs including motorsport and luxury vehicles. Direct peer in CFRP component manufacturing for high-end automotive.
• Gurit Holding: Swiss-based specialist in composite materials, structural engineering, and composite part manufacturing for wind, marine, transportation, and aerospace. Directly comparable as a focused composite components manufacturer with similar processing technologies and customer base.

Broad incumbents

• SGL Carbon: European-headquartered manufacturer of carbon-based products including carbon fiber and composites for automotive, aerospace, and industrial applications. Direct comparable given shared European base and automotive/aerospace customer overlap.
• Solvay (Composite Materials): Supplies specialty polymers and composite materials to aerospace and automotive markets. Comparable to Novation Tech as a materials provider serving the same Tier-1 OEM customers with similar end-use applications.
• Hexcel Corporation: Global leader in advanced composites, supplying carbon fiber reinforcements, prepregs, and honeycomb core to aerospace and industrial markets. Highly comparable as a Tier-1 composite materials supplier serving the same aerospace and premium industrial customers as Novation Tech.
• Toray Industries (Carbon Fiber Composite Division): World's largest carbon fiber producer serving aerospace, automotive, and sporting goods. Comparable to Novation Tech as a vertically integrated carbon fiber composites player with overlapping end markets.
• Teijin (Carbon Fiber Division): Major Japanese carbon fiber and composites producer with applications across automotive, aerospace, and sports. Comparable as a vertically integrated CFRP supplier with overlapping end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NovationTechSPA
• LinkedInlinkedin.com/company/novation-tech-s.p.a.

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novation Tech