31-07-2025
Asia Investments UK and Anevolve to acquire majority stake in APAG Holding AG
Asia Investments UK
and
Anevolve
Private Limited have agreed in principle to acquire a majority stake in
APAG Holding AG
, a Switzerland-based manufacturer of
automotive electronics
.
APAG specialises in
electronic control units
(ECUs) and ambient lighting. The transaction includes a primary
capital infusion
into APAG. The Subscribers are set to acquire an initial 63% equity stake, with plans to raise this to full ownership by the financial year 2029-30.
Jaisal Singh
, Chairman of Asia Investments UK and Founder Chairman of Anevolve, said, 'We are pleased to welcome APAG as a part of Anevolve. With its capabilities, especially in ECUs and ambient lighting, along with its strong global customer base, it will significantly enhance our technological edge and growth in the automotive electronics space.'
Expansion aligned with long-term strategy
Anevolve is a technology firm based in New Delhi focused on sustainable solutions for mobility and related industries. Asia Investments UK, also led by Jaisal Singh, handles overseas operations and investment activities for the promoter family.
APAG, which operates in Switzerland, the Czech Republic, Germany, Canada, the US, and India, reported a turnover of approximately $93 million for the financial year ending 31 March 2025. It supplies leading OEMs and Tier-1 automotive firms.
Anand Kanoria, Delegate of the Board and CEO of APAG, stated, 'Anevolve's investment allows the company to renew customer confidence in its financial stability and build on its pedigree of operational excellence. Becoming a part of the larger Anand Group gives us access to a proven model of governance and an ability for APAG to return to a path of growth.'
