# Axcel merges Picca and Acobia to form Scandinavian automation group

Axcel, a Nordic private equity firm, acquired Acobia and merged it with Picca to form a leading Scandinavian industrial automation group with over 175 employees and SEK 300 million in revenue.

- Type: Acquisition
- Announced: 2022-03-07
- Where: Sweden
- Status: completed
- Products: industrial automation solutions and products
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Axcel](https://endata.com/companies/56551.md) (investor)
- [Picca](https://endata.com/companies/64019.md) (acquirer)
- [Acobia](https://endata.com/companies/64020.md) (target)

## Sources

- [castlegreenpartners.com](https://castlegreenpartners.com/picca-och-acobia-ingar-partnerskap/), 2022-07-07: "Sammanslagningen av Picca och Acobia är en viktig milstolpe på den resan på grund av den sammanslagna marknadsnärvaron, det delade fokuset på automation och de likartade kulturerna."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.