19 September 2023
Axcel acquires two leading Danish providers of electrical panels
We have advised Axcel on its investment in tic elkas and Eegholm.
Axcel has acquired Danish tic elkas and Eegholm Group – two companies known for their customised, high-quality electric panels and technical expertise. Together, the companies will become Denmark’s leading electric panel manufacturer, meeting the growing automation and green transition demands from a wide range of industries. The ambition is to consolidate the Northern European electric panel market to meet the growing automation and green transition demands from a wide range of industries.
The transaction, which is the third investment made in Axcel Fund VII, is expected to be finalised in Q4 2023.