Axcel, a private equity fund, agreed to acquire itm8, a supplier of IT services, from Hg, a software and services investor. Financial terms are not disclosed. “Hg have been a valued partner who, with their extensive knowledge within IT services, have contributed to the scaling and professionalisation of our fast-growing company. It has been a great pleasure to work with the whole team. We wish the team all the best for the future," Henrik Kastbjerg, itm8 CEO.