Key Takeaways
- • ASSA ABLOY has agreed to sell HID's PKI (Public Key Infrastructure) business unit to Vista Equity Partners, according to the company's announcement as reported by Ink World Magazine.
- • Biometric Update reports the transaction at $58M, a figure not confirmed in the primary source.
- • The divestiture is subject to customary closing conditions and is expected to close in the fourth quarter of 2026.
- • The unit includes PKI SaaS (IdenTrust and HydrantID credential management) and ZeroSSL, covering digital trust, identity, authentication, encryption, and certificate management.
- • ASSA ABLOY CEO Nico Delvaux describes Vista as a committed long-term investor for the business, its employees and customers.
Summary
ASSA ABLOY has agreed to sell HID's PKI (Public Key Infrastructure) business unit to Vista Equity Partners, according to Ink World Magazine. The unit provides digital trust, identity, authentication, encryption, and certificate management solutions. Its portfolio includes PKI SaaS offerings IdenTrust and HydrantID for credential management, as well as ZeroSSL.
The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of 2026. Biometric Update, in a separate report, cites a $58M sale price. The primary announcement does not disclose a purchase price, so that figure should be treated as reported by Biometric Update rather than confirmed by the parties.
ASSA ABLOY President and CEO Nico Delvaux said he finds it satisfying that Vista becomes a committed long-term investor, providing new opportunities for the PKI business, its employees and customers. Björn Lidefelt, EVP and Head of HID, said the PKI team has built a strong business with a solid customer base and that Vista has the expertise to advance it as the market evolves. He added that the outcome is positive for customers, employees and HID.
The divestiture gives Vista a platform in digital trust and certificate management, while ASSA ABLOY and HID exit a unit that sits outside their core physical access business.
The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of 2026. Biometric Update, in a separate report, cites a $58M sale price. The primary announcement does not disclose a purchase price, so that figure should be treated as reported by Biometric Update rather than confirmed by the parties.
ASSA ABLOY President and CEO Nico Delvaux said he finds it satisfying that Vista becomes a committed long-term investor, providing new opportunities for the PKI business, its employees and customers. Björn Lidefelt, EVP and Head of HID, said the PKI team has built a strong business with a solid customer base and that Vista has the expertise to advance it as the market evolves. He added that the outcome is positive for customers, employees and HID.
The divestiture gives Vista a platform in digital trust and certificate management, while ASSA ABLOY and HID exit a unit that sits outside their core physical access business.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.