Element Logic

Carnegie Investment Bank Norway is proud to have acted as financial advisor to Element Logic in the sale of a majority stake to Castik Capital, alongside Element Logic’s founders, management team and employees.
 
Element Logic is a specialized integrator for automated warehouse solutions centered around the AutoStore® system, which has made it a trusted one-stop shop for warehouse automation solutions in Europe, underpinned by expertise and technology. Not only did Element Logic deliver the world’s first ten AutoStore® installations, but they have also implemented more AutoStore® solutions in 2020 than any other competitor worldwide. Castik Capital aims to further support Element Logic with its rapid organic expansion across Europe and to explore further avenues to expand its service and software capabilities, partly through selective M&A.
 
Carnegie congratulates Dag-Adler Blakseth, Kjell Blakseth and the rest of the Element Logic team with the successful transaction. Thank you for the vote of confidence – it has been a pleasure to work with you and to see you go from strength to strength along the way. We look forward to following Element Logic on its exciting and rapid growth journey.