Business Services & Industrials

Elcor

Elcor 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.

The group meets the growing automation and green transition demands from a wide range of industries.

Headquarters: Denmark

CEO: Henrik Støwer Petersen

Website: https://elcor.dk/

Responsible partner: Christoffer Müller

Fund: Axcel VII

Our Investment

Elcor is a merger of leading Nordic electrical panel providers tic elkas, Eegholm and Elcor.
The company’s main offering is the design, development and assembly of complex and bespoke electrical control panels used in production lines, machinery and control systems across industries, with a strong underlying market growth driven by structural trends such as increased digitalisation, automation, energy transition and reshoring.
The group aims to consolidate the fragmented, growing Northern European market through strategic acquisitions.

2023

Axcel
investment

101m

EUR Revenue

Business Services & Industrials

Elcor

The group meets the growing automation and green transition demands from a wide range of industries.

Our Investment

Elcor is a merger of leading Nordic electrical panel providers tic elkas, Eegholm and Elcor.
The company’s main offering is the design, development and assembly of complex and bespoke electrical control panels used in production lines, machinery and control systems across industries, with a strong underlying market growth driven by structural trends such as increased digitalisation, automation, energy transition and reshoring.
The group aims to consolidate the fragmented, growing Northern European market through strategic acquisitions.