M&A Deal Summary

Axcel Acquires Elcor

On September 19, 2023, private equity firm Axcel acquired electrical equipment company Elcor

Acquisition Highlights
  • This is Axcel’s 1st transaction in the Electrical Equipment sector.
  • This is Axcel’s 46th transaction in Denmark.

M&A Deal Summary
Date 2023-09-19
Target Elcor
Sector Electrical Equipment
Buyer(s) Axcel
Deal Type Buyout (LBO, MBO, MBI)

Target

Elcor

Denmark
Elcor is an end-to-end provider of electrical control panels and related services, including panel design, hardware manufacturing, software automation, installation and other services. The group meets the growing automation and green transition demands from a wide range of industries.

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Buyer(S) 1

Buyer

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.

DEAL STATS #
Overall 64 of 64
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 37 of 37
Country (Denmark) 46 of 46
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 Frontmatec Group

Kolding, Denmark

Frontmatec Group develops world-leading customized solutions for automation in the food industry, other hygiene-sensitive industries, and the utility industry. Frontmatec Group is especially renowned for high-quality systems for the entire value chain of the meat industry from carcass grading, slaughter lines, cutting and deboning lines, hygiene systems, and control systems to logistics and packaging. Frontmatec Group was founded in 2016 and is based in Kolding, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Delete Group

Helsinki, Finland

Delete Group is a full-service environmental services provider. The company provides clients with business-critical services that require specialized knowledge and specialized equipment. Its business is divided into three business areas: industrial and real estate services, demolition services and recycling and waste disposal services. Delete Group was formed in 2010 and is based in Helsinki, Finland.

Sell -
Mergr

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