DANX welcomes Axcel as investor and joins forces with Carousel
DANX is very pleased to announce that Axcel will take over as lead investment partner. Axcel is a Nordic-based professional investment partner - that is committed to supporting DANX on the next steps of their sensational growth journey. Axcel has simultaneously invested in Carousel – experts in critical service logistics based in the UK. The vision is to bring the unique strengths of the two companies together and create a strongly-positioned pan-European In-night logistics provider with continued growth ambitions.
DANX and Carousel share a similar history offering mission-critical end-to-end supply chain solutions handling of time-sensitive spare parts across Europe, which is why the two companies make a great fit. As Klaus Rud Sejling, CEO of DANX, remarks, this will result in many new opportunities and the possibility for the two companies to further invest in technology, and improve within different fields:
“I am very proud of our historic growth, driven by our ability to offer unrivalled mission-critical services through our high-density network covering the Nordics and Baltics. Together with Carousel, we are well-positioned to outgrow the market on a European scale. It will enable us to accelerate investments in technology and we will jointly be able to strengthen our service offering by entering new markets and a greater geographical reach.”
At Carousel, they share the same excitement for the new growth journey. Jonathan Simpson-Dent, CEO of Carousel, states: “I am looking forward to bringing Carousel and DANX together, both strongly-positioned in their respective regions and sectors. In partnership with Axcel, we are combining two proven teams to create a pan-European critical service logistics network positioned to benefit from positive client service and engagement with strong growth potential going forward.”
The founder of DANX, Søren Gønge (currently Chairman of the board of DANX), will continue on the board and will also continue to be a significant shareholder, while Klaus Rud Sejling will take over as CEO of the combined business. Jonathan Simpson-Dent will be appointed Chairman of the board.
The transaction is subject to customary regulatory approvals and is expected to close in Q1 2022.
Carousel is a strong pan-European specialised logistics provider of end-to-end supply chain solutions, handling spare parts for OEMs from distribution centres direct to field service engineers, dealers, and end users. Founded in 1986, Carousel uses flexible networks tailored to end client requirements connected through a proprietary client facing technology platform to provide a seamless and transparent service of mission critical aftermarket logistics to avoid a high cost of failure and enable high-performance service strategies. The company generated approx. DKK 500m in revenue in 2021.