In a powerful step towards global expansion, Tech Universal Ventures (TUV) has announced the acquisition of two high-growth technology firms. The duo includes FixSquad in the UAE and ELVA11 in Sweden. These strategic deals are more than just business transactions. This is clearly signaling TUV’s growing ambition to shape the future of digital infrastructure, intelligent services, and global tech collaboration.
With headquarters in the UAE, TUV is an investment holding company with a sharp focus on consumer, enterprise, and education-focused technologies. These recent acquisitions align with TUV’s mission to build a robust network of companies delivering core digital infrastructure and scalable tech solutions for a rapidly evolving world.
Meet the New Additions
- FixSquad (UAE):
A fast-growing brand in the mobile and electronics servicing space, FixSquad operates a hybrid model catering to both consumers and businesses across the GCC. Known for its efficiency and reliability, the company is now rolling out a regional franchise model to streamline service delivery and scale B2B partnerships with enterprise clients. - ELVA11 (Sweden):
Headquartered in Malmö and Stockholm, ELVA11 is a performance-driven software and AI consultancy. Renowned for its engineering excellence and AI-native approach, the company offers a mix of software development, consulting, and digital education services. ELVA11’s Scandinavian roots and global mindset make it a valuable addition to TUV’s international vision.
Voices from the Top
Darko Atijas, Chief Operating Officer at TUV, emphasized the long-term vision:
“These acquisitions reflect our strategy to build and back companies delivering core infrastructure for digital growth. FixSquad is foundational for regional service, while ELVA11 brings next-gen AI capabilities that will shape global software.”
Mohamed Rafeeque, CEO of FixSquad, shared his excitement:
“We’ve built FixSquad on principles of reliability and scale. TUV’s support is the boost we need to accelerate our franchise rollout and elevate our B2B offerings.”
Jim Roslund, founder and CEO of ELVA11, added:
“This partnership with TUV validates the work our team has done and gives us the resources to expand faster. In a challenging market, this trust speaks volumes about our potential.”
What’s Next for TUV?
With these acquisitions, TUV is setting the stage for something bigger. The company plans to continue investing in:
- ✔️ System integration
- ✔️ Tech servicing
- ✔️ Education-led digital infrastructure
The goal? To build a connected and scalable network of innovative firms that can drive digital transformation across regions.
UAE: A Rising M&A Powerhouse
This move also reinforces the UAE’s growing reputation as a regional hub for M&A activity. In 2024 alone, the country recorded 96 inbound deals worth $7.6 billion, accounting for 67% of total MENA deal value. With companies like TUV leading the charge, the UAE is well on its way to becoming a magnet for global innovation and investment.
