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Announced

Completed

Axcel completed the acquisition of tic elkas and Eegholm.

Synopsis

Axcel, a private equity firm, completed the acquisition of tic elkas, and Eegholm, a provider of electric control and power distribution panels and related services. Financial terms were not disclosed. "We see great potential in a Northern European consolidation of the electric panel market, which today consists of a lot of small businesses," Lars Cordt, Axcel Partner.

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