Adelis exits its investment in AddPro
Adelis Equity Partners Fund I (“Adelis”) has sold its majority stake in AddPro AB to Axcel.Adelis invested in AddPro in June 2017 with the goal of creating a leader in application, cloud computing and managed services. Over three years, AddPro has grown revenues from approximately SEK 250 million to SEK 800 million and earnings are up well over 100%. AddPro has also expanded its geographic footprint significantly under Adelis’ ownership through the acquisition of ITF. ”AddPro’s great culture has allowed it to be a winner in an attractive market. Nicklas Persson and the rest of the AddPro