ASSA ABLOY Transfers Its PKI Business Unit to Vista Equity Partners

ASSA ABLOY Transfers PKI Business Unit to Vista Equity Partners

In a significant business development, ASSA ABLOY has announced the sale of its Public Key Infrastructure (PKI) business unit to Vista Equity Partners. This strategic move is anticipated to create new opportunities for both employees and customers of the PKI division.

The PKI business unit specializes in solutions for digital trust, identity management, authentication, encryption, and certificate management. Included in this sale are established platforms like IdenTrust and HydrantID, which provide credential management services, as well as ZeroSSL- an essential tool for SSL certificate management.

Nico Delvaux, President and CEO of ASSA ABLOY, expressed satisfaction with the decision, stating that this transaction will benefit the PKI business, its employees, and clients by providing them with a committed long-term investor in Vista. He emphasized the potential for growth and success under Vista's leadership.

Björn Lidefelt, Executive Vice President and Head of HID, highlighted that the PKI team has laid a strong foundation for the business. He noted Vista's expertise as a critical component that will help advance the PKI offerings in response to evolving market needs.

For the fiscal year 2025, the divested PKI business unit recorded impressive sales of approximately 58 million USD (around 570 million SEK), boasting a strong operating margin.

The transaction is subject to standard closing conditions and is expected to finalize in the fourth quarter of 2026. This sale marks ASSA ABLOY's ongoing strategy to optimize its business portfolio while continuing to be a leader in global access solutions.

ASSA ABLOY, with a workforce of 64,000 employees and a sales figure reaching 152 billion SEK, is recognized globally for its innovative access solutions. The company focuses on enhancing safety and security to allow users a seamless experience in both physical and digital realms. With the PKI unit's sale to Vista, ASSA ABLOY is poised to further streamline its operations and concentrate on its core business areas.

Investors and stakeholders interested in further details regarding this transaction are encouraged to reach out to the company's representatives for more information. As ASSA ABLOY continues to evolve, the sale illustrates its agile approach in adapting to the rapidly changing technology landscape, particularly in the realm of identity and access management.

For additional comments or inquiries, interested parties can contact:

- Nico Delvaux, CEO: +46 8 506 485 82
- Erik Pieder, CFO: +46 8 506 485 72
- Björn Tibell, Investor Relations Head: +46 70 275 67 68

In conclusion, the sale of ASSA ABLOY's PKI business unit to Vista Equity Partners represents not just a change in ownership but also a strategic move aimed at fostering growth and innovation in an increasingly demanding market. The future holds promising developments as Vista takes the reins, enhancing the potential for cutting-edge solutions in identity and access management.