Elektro Aros Elautomation (EA), a leading Swedish electrical cabinet manufacturer, becomes part of the tic elkas/Eegholm/Elcor group.
This strategic move takes the group into the Swedish market and contributes to building a robust Nordic platform for producing electrical panels and automation, supported by the Nordic private equity group Axcel.
Frank Müntzberg, Group CEO of tic elkas/Eegholm/Elcor group, says, “EA has over 40 years of experience in building electrical and automation cabinets in Västerås. The business has seen significant growth in recent years, and with their expertise, we are better positioned to support our customers across the Nordic region. EA’s existing management and operations will remain in place, ensuring continuity while benefiting from collaboration across the group.”
Andreas Svensson, Partner & CFO of EA Elautomation, adds, “We are pleased to become part of the tic elkas/Eegholm/Elcor group. Our companies share common values and a vision for how we want to develop our respective businesses to meet future challenges and opportunities. With Axcel’s support and the combined strength of the group, we are confident that we can take EA into a new phase of growth.”
Christoffer Müller, Partner at Axcel, comments, “With EA onboard, the tic elkas/Eegholm/Elcor group expands its presence into Sweden, complementing existing operations in Denmark and Norway. This milestone strengthens the group’s regional position and brings it closer to becoming a Northern European market leader.”
About tic elkas/Eegholm/Elcor group
tic elkas, Eegholm and Elcor combined is an industry-leading end-to-end provider of electrical control panels and related services, including panel design, hardware manufacturing, software automation, installation and other services. For more information, visit www.ticelkas.com, www.eegholm.co.uk and www.en.elcor.no.
About Elektro Aros Elautomation
EA Elautomation is one of Sweden’s leading builders of electrical and automation cabinets, with over 40 years of experience in the industry. We manufacture all types of distribution boards, outdoor cabinets, switchgears, relay, control, and automation cabinets up to 1000V AC and 1600V DC. Focusing on the industrial, energy, and electrical grid sectors, EA delivers everything from individual cabinets to complex, turnkey solutions. With a strong emphasis on quality and certifications including ISO9001:2015, UL, and others, along with production facilities in both Västerås and Lithuania, EA is capable of handling both high volumes and complex cabinets. Thanks to long-standing customer relationships and geographical proximity, EA provides tailored solutions with short delivery times. For more information, visit www.eael.se.
About Axcel
Founded in 1994, Axcel is a Nordic private equity group focusing on four sectors: Technology, Business Services & Industrials, Healthcare and Consumer. Our team in Stockholm and Copenhagen brings 30 years of experience in building companies through a collaborative mindset and a structured approach to value creation. Axcel has raised seven funds with committed capital of approx. € 4.1 billion from Nordic and international investors. We currently own 20 companies headquartered across the Nordics, and we have made a total of 71 platform investments, 300 add-on acquisitions and 51 exits. For more information, visit www.axcel.dk.
For further information, contact:
tic elkas/Eegholm/Elcor Group:
Frank Müntzberg, Group CEO
Tel.: +45 51 21 62 85
E-mail: fm@ticelkas.dk
Elektro Aros Elautomation:
Andreas Svensson, Partner & CFO
Tel.: +46 21 10 24 40
E-mail: andreas.svensson@eael.se
Axcel:
Christoffer Müller, Partner
Tel.: +45 29 38 53 66
E-mail: cm@axcel.dk