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The phrase "capitalise on" is correct and usable in written English.
You can use it when you want to describe taking advantage of a particular opportunity or situation. For example: "The company attempted to capitalise on an increase in consumer spending during the holiday season."
Exact(60)
A shift towards saving is one trend to capitalise on.
It must capitalise on it, fast.
Let's capitalise on this moment.
Can Ireland capitalise on their advantage?
We have to capitalise on that.
Some cities can capitalise on expanding numbers.
I'm ready to capitalise on everything".
Sydney struggled to capitalise on the rebound.
She is determined to capitalise on that.
He wanted to capitalise on that.
Labour sought to capitalise on Wollaston's intervention.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com