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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 47th 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 4.1B 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 67 of 69
Sector: Electrical Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 40 of 40
Country: Denmark M&A 47 of 47
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 Progrits

Gothenburg, Sweden

Progrits is a software company in vertical software and information services for business to business. Progrits develop and deliver mission-critical software and information services within automotive trade, transport and logistics, as well as integrated e-commerce. Progrits is based in Gothenburg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 Mountain Top Industries

Frederikssund, Denmark

Mountain Top Industries is a provider of pick-up truck accessories for factory fitting at carmakers such as Ford, Nissan, Renault, VW, Mercedes-Benz and Toyota. Mountain Top Industries is based in Frederikssund, Denmark.

Sell -
Mergr

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