Tech Universal Ventures Boosts Global Ambitions with Dual Tech Acquisitions

Editorial Team

Last updated 28-05-2025

2 min

Tech Universal Ventures acquires FixSquad and ELVA11 to expand in the Gulf region.

FixSquad provides smartphone repair services and plans regional franchising to unify service quality.

ELVA11 specialises in AI-driven applications and efficient software solutions, like digital IKEA.

These acquisitions aim to enhance digital infrastructure and services across consumer, business, and education sectors.

The strategy reflects a trend towards combining hands-on repair with smart European tech expertise.

Tech Universal Ventures, the UAE-based investment firm, has announced that it's snapped up two promising tech companies as part of its ambitious strategy to build a solid presence across the Gulf and enter into global markets.

The two latest acquisitions are FixSquad, a UAE firm known for its handy smartphone and electronics repair services, and ELVA11, a Swedish tech outfit reputed for exceptional engineering prowess in software solutions, AI, consultancy, and digital educational services.

FixSquad specialises in being that go-to place when your mobile gives up the ghost or your tablet has a nasty tumble—sound familiar, Arageek readers? Interestingly, the company aims to grow through a hybrid business model—offering its services directly to consumers and businesses alike. They're now rolling out a regional franchising plan that seeks to standardise quality across branches and draw new corporate partners into their fold.

Meanwhile, ELVA11 brings to the table that legendary Swedish knack for efficiency and cutting-edge tech—particularly in AI-driven applications, scalable software developments, and educational technology. Basically, they're like IKEA, but for digital solutions—clever, simple and scalable, minus the flatpack frustrations.

Speaking about the move, Darko Atijas, Chief Operating Officer of Tech Universal Ventures, explained that both acquisitions underline the firm's goal: bringing together companies which support vital digital infrastructure and scalable smart services, driving growth across consumer, business, and education sectors.

It's clear Tech Universal Ventures sees real promise in combining practical on-the-ground repair services with European digital expertise. Perhaps, as we see greater digital reliance post-pandemic, this sort of strategic pairing will become the norm rather than the exeption.

Either way, it sounds like a smart, future-facing set of acquisitions—a move that could shake things up positively for digital savvy consumers and businesses here in the Gulf region and beyond.

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