Axentia partners with Adelis
In partnership with management, Adelis Equity Partners Fund II (“Adelis”) is investing in Axentia Technologies (“Axentia”) in order to further the company’s evolution and its international expansion.
Axentia is a leading provider of connected, low-power displays and related software for the public transportation market. The company’s products and software services were built over multiple decades by its in-house R&D team, having strong competencies that came out of the development of military communication systems in Sweden. Today, the company has approximately 100 customers and is focused on continuing to enhance its product development efforts and to further expand internationally.
”Axentia has developed a world-leading product and service within the public transportation niche, and we were impressed by the company’s management team and their vision for the future of the business. We are looking forward to supporting them on their growth journey, ” say Joel Russ and Jacob Frandsen at Adelis.
”Axentia has developed well over the past few years, and we believe strongly in the future with Adelis. With them as partners, we believe we can accelerate our growth and take advantage of Adelis’ insights from previous experiences and success in building leading businesses,” says Dick Ollas, CEO of Axentia.
Adelis is acquiring slightly more than half the shares in Axentia in order to become a majority owner, while the founders and management will continue to own a large share of the company. Together, the parties expect to continue investing in an ambitious growth plan.
For further information:
Joel Russ, Adelis Equity Partners, +46 73-543 30 68, joel.russ@adelisequity.com
Jacob Frandsen, Adelis Equity Partners, +46 73 072 44 46, jacob.frandsen@adelisequity.com
Dick Ollas, Axentia Technologies, +46 73 074 62 20, do@axentia.se
Axentia Technologies
Axentia creates and develops cutting edge Display Systems for the public transport sector as well as cost-effective Alarm Systems for rescue organisations. With over 15 years of experience and a dedicated staff, Axentia has become a major player in these business areas. Axentia has a unique competence in low power electronics design, mobile network communication and FM data broadcasting which are corner stone technologies in our product portfolios.. For more information please visit www.axentia.se.
Adelis Equity Partners
Adelis is an active partner in creating value at mid-sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 22 companies and making more than 70 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.