SALE OF APAGCOSYST

ANEVOLVE, A SUBSIDIARY OF ANAND GROUP, ACQUIRED A MAJORITY STAKE IN APAGCOSYST

 

Birmingham, Michigan – October 8, 2025 – Angle Advisors is pleased to announce that ANEVOLVE, a cleantech supplier focused on manufacturing green technology solutions for the automotive market, as well as for other vehicular end markets, has acquired a majority stake in APAGCoSyst ("APAG"), a global manufacturer of electronics and lighting products for automotive companies. This strategic majority stake acquisition will significantly broaden ANEVOLVE’s product portfolio and geographic reach into Europe and North America. Angle Advisors acted as the exclusive investment banking advisor to APAG in completing the transaction.

Anand Kanoria, Delegate of the Board and CEO of APAG, said "ANEVOLVE's investment will give customers even greater confidence in APAG’s financial strength and build on its pedigree of operational excellence and impeccable quality. Becoming a part of the larger ANAND Group gives us access to a proven model of governance and an ability for APAG to accelerate its plans for  growth.”

ANAND GROUP is an Indian-based leader in manufacturing of a wide range of world-class automotive chassis, emission control, powertrain, safety, and thermal management products. ANAND GROUP comprises of over 20 companies, and employees over 20,000 people, primarily in India. For additional information on ANAND GROUP, visit www.anandgroupindia.com.

APAGCoSyst is a global electronics and lighting company with four complementary business segments including lighting, electronic control units (ECUs), industrial automation, and electronic manufacturing services (EMS). The Company is headquartered in Zurich, Switzerland with locations in the United States, Czech Republic, Germany, Canada, and India. For additional information on APAGCoSyst, visit www.apagcosyst.com.

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions (M&A) advisory and capital raising services with a particular emphasis on the industrials and services sectors. The firm’s professionals have completed over 310 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.