Eltronic Group strengthens long-term ownership: Lars Jensen buys out equity fund

Today, the knowledge and technology group, Eltronic Group, announces that the company’s founder and owner, Lars Jensen, has acquired Blue Equity’s stake and now owns 90% of the company. At the same time, the 10% employee ownership is maintained for the benefit of customers, employees, and the company.

This strategic decision marks an important milestone in Eltronic Group’s history and strengthens the company’s foundation for a future with long-term ownership, where current values and culture are preserved.

Since February 2024, Eltronic Group has been on the market seeking a new equity fund as a minority investor. However, during the process, it became clear that the optimal solution for the company’s future was to secure ownership with the founder himself and the employees. This decision supports a focused customer and employee-driven strategy and provides great opportunities to continue nurturing the company’s innovation and value culture.

Lars Jensen states, “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 strengthen long-term ownership with employees as an active part, which unites experience with innovation. Our ambition is to build on our foundation and ensure a strong corporate platform that can deliver innovative technological solutions to benefit people and society now and in the future.”

Conclusion of an 11-year partnership with Blue Equity

The equity fund, Blue Equity, has been a co-owner of the company Eltronic Group since 2013. With the buyback of the shares, a partnership ends – one that has driven the company’s development and contributed to growth matching the first 13 years of its history.

“We would like to thank Blue Equity for the partnership over the years. Their commitment has also contributed to the growth and position we have achieved,” adds Lars Jensen.

In connection with the transaction, Blue Equity has divested its stake and simultaneously vacates its place on the company’s board. Managing Partner at Blue Equity, Christian Møller, comments:

“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 during our time onboard – driven by strong leadership and talented employees. That’s why I am truly pleased that we are now establishing the right solution for the future growth journey in the form of family ownership. Eltronic Group is a fantastic company with strong, unique capabilities and the ability to make a difference in building the technological foundation for the green transition”.

Continued growth plans and focus on future technologies

Despite the current delays in many green transition projects, the company will maintain ambitious growth plans and strongly emphasize investing in future technology as part of its long-term strategy. With a solid business, well-developed product platforms, and employees with strong competencies, Eltronic Group continues to drive innovation and strengthen its market position.

“With the new ownership, we wish to think long-term in our partnership with our customers and make decisions that support our vision to be a leading player within innovation and technology. We look forward to leveraging our strengths to enhance our customers’ competitiveness while taking greater sustainable responsibility,” concludes Lars Jensen.

Contact for more information

Lars Jensen, CEO of Eltronic Group
Email: lj@eltronic-group.com
Phone: +45 40 14 56 44

HQ – Eltronic Group, Hedensted.