Background
Axelsen was born in 1849 at Bakke in Vest-Agder county in Norway.
Axelsen was born in 1849 at Bakke in Vest-Agder county in Norway.
He began his career in the company owned by the widow of J. G. Jansen. In 1879 he took over and expanded the company. He started a barrel factory, a sawmill and a mill at Drangeid, a village north of the town of Flekkefjord.
Selurafossen, the waterfall from lake Lake Selura, had provided an opportunity for development of hydroelectric power for industry.
He was also involved in merchantry, and briefly owned the historic cargo ship Skomvær. He has been called the foremost businessman in Flekkefjord around 1900.
He was a member of the city council, and a board member of the local savings bank.