Adelis acquires majority stake in Axentia Technologies
Adelis Equity Partners has acquired a majority stake in Axentia Technologies, a Swedish provider of displays for public transport.Т
The GP has acquired slightly more than 50% of the company, deploying capital from its Adelis Equity Partners II, which closed on €600m in 2017. The vehicle invests in small and medium-sized Nordic businesses with enterprise values in the €20-200m range.
Founded in 2004 and based in Stockholm, Axentia is a provider of connected, low-power displays and related software for the public transportation market.The company has 100 customers and, according to its LinkedIn page, employs 11-50 staff.
People
Axentia – Dick Ollas (CEO).
Adelis Equity Partners – Joel Russ, Jacob Frandsen (partners).
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