Assa Abloy Sells PKI Business Unit to Vista Equity Partners
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What happened
Assa Abloy signed an agreement to sell HID's PKI business unit to Vista Equity Partners. The business unit provides solutions for digital trust, identity, authentication, encryption, and certificate management, including IdenTrust, HydrantID, and ZeroSSL. The unit generated MUSD 58 in sales in 2025 and maintained a strong operating margin, with the sale expected to close in the fourth quarter of 2026.
From prnewswire.com
Why it matters
The transaction involves the divestiture of a specialized, profitable technology unit focused on digital security infrastructure. This sale shifts the provision of critical digital trust and identity management services from Assa Abloy to Vista Equity Partners.
From prnewswire.com
Who's involved
- Assa AbloyThe company that sold the PKI business unit.
- Vista Equity PartnersThe private equity firm that acquired the PKI business unit.
- Nico DelvauxPresident and CEO of Assa Abloy.
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The entities involved
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Assa Abloy
Swedish company
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Vista Equity Partners
American private equity and venture capital firm
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