EQT Buys Acronis Majority Stake at Over $3.5 Billion Valuation
Updated
Updated · The Register · Jul 20
EQT Buys Acronis Majority Stake at Over $3.5 Billion Valuation
1 articles · Updated · The Register · Jul 20
Summary
EQT acquired a majority stake in Swiss cybersecurity company Acronis in a deal that values the entire firm at more than $3.5 billion.
The portion sold was not disclosed, but the transaction gives the private equity group control of a company focused on cybersecurity software and services.
Acronis adds to EQT's exposure to security technology as cyber threats and demand for protection tools keep the sector strategically important.