Financial investors have acquired the majority of Danish City Elteknik

Clearwater Advisor

Ole Strange and financial investors have acquired the majority of City Elteknik. Additionally the company director Niels Munck and the former owner Claus P. Skov are co investors. City Elteknik develop and produce payment terminals and electronic control systems for gas pumps.

The company is among the market-leading in Scandinavia and has the ability to reach a market potential in Europe in future years due to the fact that all payment systems need to be changed to meet the new demands of chip payment cards.

With the possibility of strategic development the former owner Claus P. Skov wanted to expand the circle of owners and bring new capital to the company.