Axcel Private Equity-backed Acurum Group completed the acquisition of Renovo.

Axcel Private Equity-backed Acurum Group, a Nordic provider of property well-being services, completed the acquisition of Renovo, a provider of insurance services intended for policyholders and commercial purposes. Financial terms were not disclosed. “It feels really good to become a member of Acurum, which consists of incredibly competent people. We see it as a natural step in our development to become part of a larger group and synergy that can provide us with long-term value. Acurum is a good choice for us because they give us free rein and have great understanding and respect for our business, customers, and storytelling, which continues as usual,” Morten Hald, Renovo CEO.