Axcel acquires two Danish companies and creates new industry platform
The private equity fund is planning further acquisitions in an effort to consolidate the Northern European switchboard market.
by OLE ANDERSEN
Axcel has acquired two Danish suppliers of electrical panels, Tic Elkas and Eegholm Group, in a single transaction. Together, the two companies will reach revenue of more than DKK 700m (USD 100.3m), and the ambition is to build a Northern European market leader, the private equity fund announced Tuesday morning.
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