# Axcel acquires tic elkas automation solutions provider

Axcel Industriinvestor, through its Axcel Fund VII, has acquired tic elkas AS, a Danish automation solution provider, from Dansk Ejerkapital Forvaltning and management. The transaction is expected to close in Q4 2023 for an undisclosed amount.

- Type: Acquisition
- Announced: 2023-09-19
- Where: Denmark
- Status: announced
- Products: automation solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Axcel Industriinvestor](https://endata.com/companies/72714.md) (acquirer)
- [tic elkas](https://endata.com/companies/72715.md) (target)
- [Dansk Ejerkapital Forvaltning](https://endata.com/companies/72716.md) (partner)

## Sources

- [valu8group.com](https://www.valu8group.com/index.php/axcel-to-acquire-tic-elkas/), 2023-09-19: "Axcel Industriinvestor AS, the Denmark based private equity firm, through its Axcel Fund VII fund has acquired tic elkas AS"

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