Dubai - Sharikat Mubasher: The UAE-based investment holding firm, Tech Universal Ventures (TUV), successfully acquired two high-growth technology companies, FixSquad and ELVA11, to develop intelligent services and expand its footprint across the GCC and global markets.

The company announced in a statement yesterday that the acquisitions represent a clear move toward building a connected, scalable network of companies positioned to lead in regional transformation and global innovation.

FixSquad is a fast-scaling mobile and electronics servicing brand operating in both the consumer and B2B spaces, with a growing footprint across the GCC. It is launching a regional franchise model to standardize service delivery and expand B2B partnerships with enterprise clients.

Meanwhile, ELVA11 is a Sweden-based high-performance software and artificial intelligence (AI) company known for its strong engineering culture and scalable consulting and education services.

Commenting on these acquisitions, Darko Atijas, Chief Operation Officer at TUV, said: “These acquisitions reflect our strategy to build and back companies delivering core infrastructure for digital growth. FixSquad’s hybrid consumer-enterprise model positions it as a foundational player in regional service delivery, while ELVA11 brings AI-native capabilities we believe will define the next era of global software.”

For his part, Mohamed Rafeeque, CEO of FixSquad, affirmed that the acquisition will enable the company to accelerate its regional rollout and expand its B2B offering to meet the demands of the fast-evolving digital services market.

TUV will continue focusing on strategic investments across system integration, technology servicing, and education-led digital infrastructure, within the upcoming period.