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…
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