European private equity firm EQT acquires majority stake in cybersecurity firm Acronis for $3.5B.
European private equity firm EQT has acquired a majority stake in cybersecurity firm Acronis, a deal valued at over $3.5 billion. Acronis, which offers data protection, cloud, and integrated security solutions, has 20,000 service providers and over 750,000 businesses using its solutions. The deal values Acronis above its last disclosed valuation in 2022 and aims to support the company's strategic expansion and growth. EQT's investment will help Acronis continue to operate under the leadership of current CEO Ezequiel Steiner. The transaction is subject to regulatory approvals and is expected to close in Q1 or Q2 2025.
August 07, 2024
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