Continuing its phase of expansion, Axiell has made a strategic investment in the Elib, a company involved in the distribution of e-books in Sweden. Elib was founded in 2000 by four Swedish publishers: Bonniers, Norstedts, Natur & Kultur, and Piratförlaget. Through this investment Axiell has acquired seventy percent of the company, with the four publishers retaining a minority interest. Axiell has appointed Eva Houltzén, from Axiell Education and Media, as the Managing Director of Elib.
In recent years, Axiell has expanded and diversified its business activities. The company remains among the largest companies involved in library technologies, but has increasingly strengthened its products and services oriented to archives and museums. This move into the e-book arena represents another thread of diversification. The company has recently organized itself into three division, Axiell Public Library, Axiell ALM (Archives Libraries and Museums), and Axiell Education and Media.
Below is a timeline of Axiell's recent acquisition activity.
- Mar 2015: Elib, Swedish e-book distribution company
- Apr 2014: KE Software,an Australian company with software and services for museums and archives
- Nov 2013: Selago Design, a Canadian firm producing the Mimsy XG collection management and user interfaces for museums
- Aug 2013: Atingo, not an acquisition, but a new startup created with Publit to offer e-book lending services
- Mar 2013: Adlib, global company that produces versions of Adlib for archives, museums, and libraries
Axiell Group reports that its 2014 annual revenues totaled about $50 million (SEK 405 million), representing a 20 percent increase over 2013. Despite setbacks in its library division, such as the loss of much of its business in Denmark to a national system awarded to Dantek, the company continues to see impressive growth as it expands its global reach and strengthens its products and services in the archives and museum sector.