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ASSA ABLOY to Sell HID PKI Business Unit to Vista Equity Partners

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ASSA_BSEK 359.50 0.90%

ASSA ABLOY AB (OMXSTO:ASSA_B) has signed an agreement to sell its HID Public Key Infrastructure (PKI) business unit to private equity firm Vista Equity Partners. The division provides identity, digital trust, encryption, authentication, and certificate management solutions, including services such as ZeroSSL, HydrantID, and IdenTrust.

The PKI unit generated sales of $58 million (approximately 570 million Swedish kronor) in 2025 while maintaining a strong operating margin. Transferring the unit to software investor Vista Equity Partners gives the business dedicated backing to evolve its cybersecurity and identity offerings.

The divestiture is subject to standard closing conditions and is expected to close during the fourth quarter of 2026. Investors will be tracking the final transaction completion and any guidance regarding the placement of proceeds from the sale.

Key points

  • ASSA ABLOY signed an agreement to sell HID's Public Key Infrastructure (PKI) business unit to Vista Equity Partners.
  • The divested unit generated $58 million (approximately 570 million SEK) in sales during 2025 with strong operating margins.
  • The sale covers credential management solutions as well as brands like ZeroSSL, HydrantID, and IdenTrust.
  • The deal is subject to customary closing conditions and is slated to close in the fourth quarter of 2026.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Who is acquiring the ASSA ABLOY PKI unit?

Private equity firm Vista Equity Partners has agreed to acquire the PKI business unit from ASSA ABLOY.

How much sales did the ASSA ABLOY PKI unit make in 2025?

The business unit generated sales of $58 million, or approximately 570 million Swedish kronor, in 2025.

When is the ASSA ABLOY PKI sale expected to close?

The transaction is subject to standard closing conditions and is expected to close during the fourth quarter of 2026.