EQT has acquired a majority stake in the Swiss cybersecurity firm Acronis, valuing the company at more than $3.5 billion as it expands its presence in the security market.
Key Points
- Private equity firm EQT purchased a majority share of Acronis to bolster its cybersecurity portfolio.
- The transaction values the entire Swiss-based cybersecurity business at over $3.5 billion.
- Acronis specializes in integrated cyber protection, combining data backup and recovery with advanced security features.
- The deal reflects ongoing consolidation within the global cybersecurity industry as firms seek to scale operations.