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Scandinavian private equity house Axcel has outlined plans to create “the first pan-European in-night specialist logistics provider”, after announcing the simultaneous acquisitions of Denmark’s DANX and the UK’s Carousel Logistics.
It will merge the two firms, which have both been involved in the overnight supply of spare parts to manufacturers – Day and Night Express (DANX) serving Scandinavian and Baltic markets and Carousel serving the UK and Ireland.
Axcel said the merged company would have annual revenues of around €190m ($216m).
“Acquiring two ...
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