Adrad Holdings welder build Original Equipment

How to buy shares in Adrad Holdings

Family-owned radiator business leverages itself to the EV trend as it hits the local bourse.




Issue Price

Capital Raised

Adrad Holdings


30 September 2022



Adrad Holdings ($AHL) has successfully listed on the ASX following its $22m capital raise backed by Ellerston, Washington H. Soul Patts and Perennial. 

The company is involved in the design and manufacturing of heat exchangers for both mobile and stationary applications. It also manufactures, imports and distributes automotive parts for the aftermarket in Australia and New Zealand – from passenger vehicles right through to dump trucks, agricultural machinery and construction equipment. 

Adrad has been around for 25 years but has kept pace with technology, leveraging itself to the electric vehicle market. 

In essence, heavy vehicles are moving towards hydrogen fuel cells as a power source, which actually requires more cooling than traditional diesel engines. In a diesel engine, 30% of the power goes into the radiator for cooling, but for hydrogen it's closer to 50%. This makes radiator technology more important.

Arad is already working with some big international names, like Kenworth and Caterpillar which have strong growth prospects.  

In addition to vehicles, the company is looking at data centers – which require massive amounts of cooling to operate – for further opportunities post-IP, particularly in south-east Asia. 

Adrad Holdings is available to trade under the ticker $AHL.

Don’t have Stake?

Get $10 when you fund Stake AUS, a free US stock when you fund Stake Wall St. Do both, get both!

Terms & Conditions.

Stake logo
Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2022 Stake. All rights reserved.