Eltronic Group, which deals with technology within green energy, power-to-x and x-to-power, is now getting a new ownership structure. The company's founder Lars Jensen has bought the private equity fund Blue Equity out of the company. This is stated by Eltronic Group in a press release.
Since February 2024, Eltronic Group has been looking to find a new private equity fund as a minority investor. During the process, however, the company came to the conclusion that the optimal solution for the company's future was to secure ownership with the founder himself and the employees, the latter jointly owning ten percent of the company.
- With this transaction, we have created a solid foundation to focus on what makes Eltronic Group unique: our customers, employee engagement and our innovative, responsible approach. At the same time, we are strengthening long-term ownership with employees as an active part, which combines experience with innovation. Our ambition is to build on our foundation and secure a strong platform that can deliver innovative technological solutions for the benefit of people and society – now and in the future, says Lars Jensen about the acquisition.
Continuing in the same vein
The Blue Equity capital fund has been a co-owner of Eltronic Group since 2013. In connection with the transaction, Blue Equity is divesting its ownership stake and at the same time leaving the company's board of directors.
- I am incredibly proud that we have been part of developing Eltronic Group into a leading technology company in Denmark. The group has grown tenfold in our time – driven by strong management and skilled employees. That is why I am really pleased that we are now establishing the right solution for the future growth journey in the form of family ownership, says Managing Partner at Blue Equity, Christian Møller.
With the new ownership structure, Eltronic Group will continue its current strategy. Despite the current delays in many green transition projects, the company will maintain ambitious growth plans and place great emphasis on investing in future technology as part of its long-term strategy.
- With the new ownership, we want to think long-term in our partnership with customers and make decisions that support our vision of being a leading player in innovation and technology. We look forward to leveraging our strengths to strengthen our customers' competitiveness, while taking greater sustainable responsibility, says Lars Jensen.
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