Axcel buys two thirds of the European Sperm Bank.

European Sperm Bank, a Copenhagen, Denmark-based health company announced that it entered into an investment partnership with Axcel, for selling the majority of shares.

Financial details of the transaction were not disclosed. Following th edeal, Axcel will own two thirds of European Sperm Bank. Founder and previous majority shareholder, Peter Bower, the executive branch and co-workers will own remaining third of the shares and Annemette Arndal-Lauritzen will continue as CEO.

The European Sperm Bank, founded in 2004, aims to help women and couples fulfill the dream of having a child. The result is more than 34.000 children among more than 25.000 families. In 2018, the company had customers from over 70 different countries. European Sperm Bank is based in Denmark and has about 80 employees spread across offices and clinics in Copenhagen, Lyngby and Aarhus, England (London) and Germany (Hamburg).