Case
21 January 2025
21 January 2025
Axcel Acquires Titech Electric
We have advised Axcel and its portfolio company, the Elcor Group, on the acquisition of the Danish switchboard manufacturer Titech Electric A/S, which now becomes part of the Elcor Group.
Established in 2023 following Axcel's investment in the Danish switchboard manufacturers tic-elkas and Eegholm, the Elcor Group is today one of the leading Nordic manufacturers of switchboards for industrial automation and community electrification.
With the addition of Titech Electric, the Elcor Group now comprises six Nordic companies, more than 1,000 employees and 14 locations across five countries.