• Axcel partnered with Swedish infrastructure services companies Veako and VBA on November 6, 2026.
• Based in Gothenburg and Malmö, respectively, the contractors primarily serve municipalities and other public-sector customers.
• Founders and management teams will retain significant ownership stakes and remain in their roles.
• The investment is the third from Axcel Elevate I, a EUR 459 million lower mid-market fund closed in November 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Axcel Management A/S published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.