Novation Tech
Provides comprehensive additive manufacturing services and composite component production using carbon fiber reinforced plastics (CFRP) for automotive, aerospace, sports, and eyewear sectors, integrating 3D printing with traditional molding technologies.
- CEO / Founder
- Luca Businaro
- Team Size
- 1001-5000
- Stage
- Established
- Total Funding
- Undisclosed
- Latest Round
- Strategic Investment
- Key Investors
- Keyhaven Capital Partners
Technology & Products
Key Products
3D printing services (3D Farm); Carbon fiber composite components; Automotive interior/structural parts; Aerospace seats and components; Sports equipment (bicycle frames, eyewear)
Technological Advantage
Proprietary 2017 patented composites process and in-house 3D printing farm with multiple technologies (FDM, SLS, SLA), enabling rapid prototyping and production integration; verified by ELITE certification and partnerships with CMS.
Differentiation
Value Proposition
Offers end-to-end solutions from design to production, reducing lead times and enabling complex geometries with high-strength composite materials, supported by in-house 3D printing and patented processes.
How They Differentiate
Novation Tech differentiates itself by specializing in carbon fiber composites with integrated 3D printing services, offering full production capabilities from design to finishing, and holding patents specific to CFRP processing. They provide end-to-end solutions, reducing lead times and enabling complex geometries with high-strength composite materials.
Market & Competition
Target Customers
Automotive OEMs, aerospace manufacturers, sports equipment brands, eyewear companies
Industry Verticals
Automotive; Aerospace; Sports and Leisure; Eyewear
Competitors
Adient, Pinnacle Industries, Toyota Boshoku Corporation
Growth & Milestones
Growth Metrics
Revenue grew from €26M in 2017 to €117.6M in 2025 (13.7% EBITDA margin). In an October 6, 2026 interview, CEO Luca Businaro forecast double-digit growth in both revenue and profitability for 2026, updating the earlier €125-128M revenue target. Reported headcounts were 680 in Italy, 580 in Hungary, 140 in Croatia and 115 in Tunisia (1,515 combined); Tunisia could reach 250 employees. Previously stated 2030 revenue target: €150-180M; annual R&D investment: 7-8% of revenue.
Major Milestones
Founded in 1967; Acquired 85% of Citre Color SRL in August 2023; Awarded ELITE 'Strategy and Finance' certificate in 2023; Launched 3D Farm additive manufacturing service; Patented composites process in 2017; Established new production center in Trevignano, Italy (operational 2024); Opened sixth production plant (third outside Italy), Monastir, Tunisia, inaugurated June 2, 2026 - 4,400 sqm, ~€4M investment, up to 250 employees at full capacity.
Notable Customers
Novation Tech serves customers in the automotive, aerospace, sportsystem, and eyewear sectors, developing unique and specific solutions for each.
Funding rounds
- Strategic InvestmentUndisclosed2017-05Source: Keyhaven Capital ESG Report - May 2020