Axalta and Durr Team Up to Provide Digital Paint Solution

Core Insights - Axalta Coating Systems Ltd. (AXTA) has entered a strategic partnership with Durr Systems AG to enhance automotive digital paint technology, combining Axalta's NextJet technology with Durr's robotics integration [1][2] Group 1: Partnership Details - The collaboration aims to enable precise paint application, referred to as overspray-free application, enhancing service to light vehicle Original Equipment Manufacturers (OEM) [2] - Axalta will contribute its coatings expertise, while Durr will act as the robotics integrator, leveraging Durr's understanding of vehicle design requirements [2] Group 2: Market Impact and Performance - Demonstrations of Axalta NextJet on Durr robotics have commenced at Durr's test center in Bietigheim, Germany, which is expected to accelerate market introduction of the technology [3] - Axalta's stock has increased by 13.8% over the past year, contrasting with a 15.4% decline in the industry [3]