AG Holding Ltd, a London-based special investment company backed by Ironshield Capital Management LLP, has acquired Axeon Holdings Plc, a provider of independent lithium-ion battery and green energy services. The terms of the deal were not disclosed. 

AG Holding Ltd, a London-based special investment company backed by Ironshield Capital Management LLP, has acquired Axeon Holdings Plc, a provider of independent lithium-ion battery and green energy services. The terms of the deal were not disclosed.

Axeon is headquartered in Dundee and has a manufacturing facility in Poland, a commercial and engineering base in Switzerland, and a sales facility in Germany.

Axeon has recently been placed in administration. Joint administrator Malcolm Shierson said: “I am delighted that we have been able to complete a transaction that will enable the trading business to carry on as normal. This is very good news for the employees, customers and suppliers.”