SUSE majority shareholder EQT acquires majority stake in Acronis
The large Swedish investment company EQT acquires a majority stake in the Swiss backup and security specialist Acronis.
(Image: SFIO CRACHO/Shutterstock.com)
The Swedish investment company EQT is acquiring a majority stake in the Swiss software group Acronis. The founders, management and existing investors such as Blackrock will remain significant minority shareholders in Acronis, both companies announced. The transaction is also still subject to regulatory approvals and is expected to be completed in the first or second quarter of 2025.
Neither company provided any precise details on the amount of the investment, except that Acronis will be valued higher than at the time of the last financing round in 2022, when the company, founded in 2003, was valued at 3.5 billion euros. "We are very pleased to have EQT on board as a majority shareholder who supports our strategic expansion and stands behind our growth vision," said Acronis CEO Ezequiel Steiner.
Acronis offers software and cloud services for IT security, backups and disaster recovery. The products are used by companies and private customers alike. According to the company, it reaches around 750,000 business customers in 150 countries through more than 20,000 managed service providers who use Acronis software to manage companies' IT infrastructures. EQT is one of the largest investment companies in the world with assets under management of 246 billion US dollars. In Germany, the investment group is the main shareholder in Linux software company Suse and telecommunications provider Deutsche Glasfaser, among others.
(axk)
