Clearwater International Denmark advises Duelco on its sale to Addtech

Clearwater International Denmark has advised Duelco A/S (Duelco), a leading electrical components solutions provider and distributor, on its sale to Addtech Energy, a portfolio business of Addtech Group (Addtech).

For over 30 years, Duelco has focused on technical sales and the distribution of electrical and automation components, products and solutions. In recent years, the company has successfully increased its efforts to become a technical value-added distributor, developing bespoke technical end-products, in close collaboration with its Scandinavian customers within the wind, office, infrastructure, industrials and healthcare segments.

Addtech is a Swedish publicly listed technology trading group. The business comprises approximately 120 independent companies that sell high-tech products and solutions to customers primarily in the manufacturing and infrastructure sectors in over 20 countries.

The Clearwater International team consisted of Partner Carsten Rydahl, Director Jesper Agerholm and Senior Associate Mads Højdahl Kristensen.

“We are delighted to have advised Duelco on finding the right strategic partner to help continue its success. Duelco’s team has strong expertise in developing technical end products and solutions, especially for the wind segment, which will enhance the suite of services and products offered by the portfolio business of Addtech. We look forward to following them on their continued growth journey.”

Carsten Rydahl, Partner, Clearwater International