Axxela Group - About the company
Axxela Group is an acquired company based in Lagos (Nigeria), founded in 2000. It operates as a Natural gas distribution network operator. The company has 4283 active competitors, including 179 funded and 1087 that have exited. Its top competitors include companies like Shell, MET Petroleum AG and Dominion Energy.
Company Details
- Website
- axxelagroup.com
- Email ID
- *****@axxelagroup.com
- Phone Number
- +234 **********
Key Metrics
Founded Year
2000
Location
Lagos, Nigeria
Stage
Acquired
Ranked
353rd among 4283 active competitors
Employee Count
141 as on Sep 30, 2026
Exit Details
Acquired by Bluecore Gas Infraco (Jan 07, 2026)
Axxela Group's acquisition details
Axxela Group got acquired by Bluecore Gas Infraco on Jan 07, 2026.
Click here to take a look at Axxela Group's acquisition in detail
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Axxela Group's funding and investors
Axxela Group is a funded company.
Axxela Group's founders and board of directors
Founder? Claim ProfileAxxela Group's employee count trend
Axxela Group has 141 employees as of Sep 26. Here is Axxela Group's employee count trend over the years:
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Axxela Group's Competitors and alternates
Top competitors of Axxela Group include Shell, MET Petroleum AG and Dominion Energy. Here is the list of Top 10 competitors of Axxela Group, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Shell 1907, London (United Kingdom), Public | Provider of natural gas & oil exploration, refining, midstream, and upstream services | - | 78/100 | |
2nd | MET Petroleum AG 2012, Zug (Switzerland), Acquired | Provider of natural gas, power, oil, LNG/LPG, and power generation services | $58.7M | 73/100 | |
3rd | Dominion Energy 1983, United States, Acquired | Producer and transporter of energy | - | 73/100 | |
4th | TotalEnergies 1924, Paris (France), Public | Integrated energy company producing and marketing energy sources | - | 73/100 | |
5th | Diversified multi-utility and waste management services | $9.86M | 73/100 | ||
6th | Sunoco 1889, United States, Early Stage | Petroleum products distribution company | $350K | 72/100 | |
7th | Provider of natural gas & oil exploration and transportation services | - | 71/100 | ||
8th | California Resources Corporation 2014, Los Angeles (United States), Public | Provider of oil & gas exploration and production services | $550M | 71/100 | |
9th | Provider of liquid storage, transportation and distribution services | - | 71/100 | ||
10th | Provider of oil refinery services | - | 70/100 | ||
353rd | Axxela Group 2000, Lagos (Nigeria), Acquired | Natural gas distribution network operator | - | - | 45/100 |
Looking for more details on Axxela Group's competitors? Click here to see the top ones
Axxela Group's Investments and acquisitions
Axxela Group has made no investments or acquisitions yet.
News related to Axxela Group
Media has covered Axxela Group for a total of 3 events in the last 1 year, 1 of them has been about company updates.
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Standard Bank Delivers $285M Financing for Bluecore's Axxela AcquisitionInnovation-village•Jan 22, 2026•Axxela Group, Bluecore, Standard Bank
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Levene Energy To Acquire Stake In Axxela Limited With $64M Afreximbank FacilityLeadership•Jan 11, 2026•Leveneenergy, Afreximbank, Axxela Group
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Axxela wins gas distribution licenses for subsidiaries to deepen domestic natural gas utilisationhallmarknews.com•Feb 04, 2025•Axxela Group
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Gasnexus, NGML begin construction of mini-LNG plant for Northern industriesGuardian•Feb 01, 2025•Axxela Group, NNPC
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Eko DisCo, Nigeria's second largest electricity distribution company, has sold 60% stake to Stanbic IBTC, othersTechpoint.Africa•Jan 21, 2025•Transgrid Enerco, Eko Electricity Distribution, Axxela Group, Standard Bank
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Axxela Repositions To Sustain Investment In Nigeria’s Energy SpaceIndependent•Nov 27, 2024•Axxela Group
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