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

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ASSA_BSEK 359.50 0.90%

ASSA ABLOY AB (OMXSTO:ASSA_B) has reached an agreement to sell the Public Key Infrastructure (PKI) business unit of its HID subsidiary to private equity firm Vista Equity Partners. The divested unit supplies digital trust, identity, authentication, encryption, and certificate management services. Its product portfolio features credential management software, ZeroSSL, and PKI SaaS brands including IdenTrust and HydrantID.

The sale allows ASSA ABLOY to streamline its business while placing the cybersecurity unit with a dedicated technology investor. In 2025, the PKI business generated sales of $58 million USD (approximately 570 million SEK) with a strong operating margin. Following the announcement, ASSA ABLOY shares rose 0.90% to 359.5 SEK.

The transaction remains subject to customary closing conditions. Both parties expect the transaction to close during the fourth quarter of 2026.

Key points

  • ASSA ABLOY signed an agreement to sell HID's PKI business unit to Vista Equity Partners.
  • The PKI division recorded 2025 sales of $58 million USD (approx. 570 million SEK) with a strong operating margin.
  • The unit offers digital identity, authentication, encryption, ZeroSSL, and PKI SaaS solutions like IdenTrust and HydrantID.
  • The sale is subject to standard closing conditions and is expected 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 buying ASSA ABLOY's PKI business unit?

Vista Equity Partners has agreed to acquire the PKI business unit from ASSA ABLOY's HID subsidiary.

How much revenue did the PKI unit generate in 2025?

The PKI business unit recorded sales of $58 million USD (approximately 570 million SEK) in 2025 with a strong operating margin.

When is the sale of the PKI business expected to close?

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