Axcel to acquire Picca Automation from Niche Holding.

Axcel, a Nordic private equity firm, to acquire Picca Automation, a software company from Niche Holding. Financial terms were not disclosed. “We see clear benefits to our customers and employees from building a Nordic automation partner, focused on high-end automation solutions. We see an increasing demand for our automation solutions, and we are well positioned to continue our profitable growth journey. Axcel has solid experience from building Nordic businesses, and the partnership with Axcel will allow us to pursue a much more ambitious growth agenda, not least through acquisitions,” Henrik Jensen, Picca Automation Co-owner and CEO.