Picca Automation

The Axcel-backed Nordic automation group Picca has acquired Danish software and data solutions company Inuatek for an undisclosed amount, strengthening its IIoT, telecommunications, and cybersecurity capabilities.

Axcel merged Logimatic with Picca Automation to form a Nordic automation group. Logimatic designs electrical and SRO systems, SCADA systems, PLC controllers and communication networks.

Axcel has entered a partnership with Picca Automation to create the leading automation house in the Nordics, with Axcel holding a majority stake and Picca's management retaining a significant ownership.

Axcel will acquire a majority stake in Picca Automation, a Danish industrial automation services and software provider, to build a leading Nordic industrial automation partner. The transaction is expected to close in the first half of 2022.