Axcel completed an investment in Nordic Tyre Group.

Axcel, a private equity firm, completed an investment in Nordic Tyre Group, an independent tyre wholesaler in the Nordics and Baltics. Financial terms were not disclosed. “We’re thrilled to partner with Nordic Tyre Group, a trusted one-stop shop for customers, offering the widest range of tyres combined with industry-leading logistics, a proprietary technology platform and exceptional service standards. We look forward to working closely with Nordic Tyre Group’s strong management team and employees to further grow its position in the Nordics and Baltics and drive expansion into new markets, establishing Nordic Tyre Group as a European player in its sector,” Asbjørn Hyldgaard, Axcel, Partner.