Asia Investments UK and Anevolve Non-public Restricted have agreed in precept to amass a majority stake in APAG Holding AG, a Switzerland-based producer of automotive electronics.
APAG specialises in digital management models (ECUs) and ambient lighting. The transaction features a major capital infusion into APAG. The Subscribers are set to amass an preliminary 63% fairness stake, with plans to lift this to full possession by the monetary 12 months 2029-30.
Jaisal Singh, Chairman of Asia Investments UK and Founder Chairman of Anevolve, stated, “We’re happy to welcome APAG as part of Anevolve. With its capabilities, particularly in ECUs and ambient lighting, together with its sturdy world buyer base, it should considerably improve our technological edge and development within the automotive electronics area.”
Growth aligned with long-term technique
Anevolve is a know-how agency based mostly in New Delhi centered on sustainable options for mobility and associated industries. Asia Investments UK, additionally led by Jaisal Singh, handles abroad operations and funding actions for the promoter household.
APAG, which operates in Switzerland, the Czech Republic, Germany, Canada, the US, and India, reported a turnover of roughly $93 million for the monetary 12 months ending 31 March 2025. It provides main OEMs and Tier-1 automotive companies.
Anand Kanoria, Delegate of the Board and CEO of APAG, said, “Anevolve’s funding permits the corporate to resume buyer confidence in its monetary stability and construct on its pedigree of operational excellence. Changing into part of the bigger Anand Group provides us entry to a confirmed mannequin of governance and a capability for APAG to return to a path of development.”
