Indian companies agree to purchase 63% of Switzerland-based manufacturer specializing in electronic control units and ambient lighting systems.
30 Jul 2025 | 3150 Views | By Angitha Suresh
Asia Investments UK Private Limited and ANEVOLVE Private Limited have reached an agreement to acquire a majority stake in APAG Holding AG, a Swiss automotive electronics manufacturer. The transaction, announced on July 30, 2025, follows more than a year of negotiations between the parties.
Under the terms of the ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Asia Investments UK Private Limited and ANEVOLVE Private Limited have reached an agreement to acquire a majority stake in APAG Holding AG, a Swiss automotive electronics manufacturer. The transaction, announced on July 30, 2025, follows more than a year of negotiations between the parties.
Under the terms of the deal, the Indian companies will initially hold 63% of APAG's equity through a primary capital infusion. The agreement includes provisions to increase their ownership to 100% by fiscal year 2029-30. The acquisition represents part of ANEVOLVE's expansion strategy in the automotive electronics sector.
APAG specializes in manufacturing electronic control units and ambient lighting systems for the automotive industry. The company, headquartered in Switzerland, operates facilities in the Czech Republic, Germany, Canada, the United States, and India. It serves major original equipment manufacturers and Tier-1 suppliers across European and global markets.
For the financial year ending March 31, 2025, APAG reported revenue of approximately $93 million. The company's performance reflects its position in the automotive electronics supply chain, though current global market conditions and margin pressures have created capital investment requirements.
ANEVOLVE, based in New Delhi, focuses on developing sustainable technologies for mobility and related industries. The company positions itself as a future-tech manufacturer in the automotive sector.
Asia Investments UK Private Limited serves as the overseas investment vehicle for promoter family operations, led by Jaisal Singh.
Jaisal Singh, who serves as Chairman of Asia Investments UK and Founder Chairman of ANEVOLVE, stated that APAG's capabilities in electronic control units and ambient lighting, combined with its customer base, will enhance the company's technological position in automotive electronics.
Anand Kanoria, APAG's Delegate of the Board and CEO, indicated that the investment would strengthen customer confidence in the company's financial stability. He noted that joining the ANAND Group would provide access to governance models and support the company's growth trajectory.
The transaction occurs amid challenging conditions in global automotive markets, with companies facing pressure on profit margins and requirements for capital investment to maintain competitiveness in the evolving automotive electronics landscape.