Freight News, Logistics, Business, Express

DANX leaps aboard Axcel with Carousel

[ January 12, 2022   //   ]

Pan-European Critical Service Logistics specialist Carousel is to merge with Nordic urgent spares delivery firm DANX following the acquisition of both companies by private equity investor Axcel.

Carousel says the move will create a logistics specialist with strong positions in the UK, Ireland, Germany, Iberia, Nordics and the Baltics, and annual revenue of around €190m. Axcel is acquiring both businesses with an ambition to grow the combined company significantly across Europe, it adds.

At completion, Carousel chief executive Jonathan Simpson-Dent will be appointed chair and DANX chief executive Klaus Rud Sejling will take on the position of chief executive of the merged group. The transaction is subject to the customary regulatory approvals and is expected to close in this quarter.

Carousel provides customised solutions and specialist networks for performance and life-critical industries. Founder Graham Martin said: “I am very proud of what Carousel has achieved over the last 35 years, building a truly client-first business designed to exceed the expectations and needs of our valued clients. We have created a great team, platform and growth track record with huge future potential.”

Klaus Rud Sejling stated: “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.”