Key Takeaways
- • ASSA ABLOY has signed an agreement to sell HID's PKI business unit to Vista Equity Partners, per a PRNewswire release dated October 16, 2026.
- • The divested business generated 2025 sales of MUSD 58 (approx. MSEK 570) and is described by the company as having a strong operating margin.
- • The unit comprises PKI SaaS (IdenTrust and HydrantID credential management) and ZeroSSL, offering digital trust, identity, authentication, encryption and certificate management.
- • The transaction is subject to customary closing conditions and is expected to close in Q4 2026.
Summary
ASSA ABLOY, the Stockholm-based access solutions group, announced on October 16, 2026 that it has signed an agreement to sell the public key infrastructure (PKI) business unit of its HID division to Vista Equity Partners ("Vista"), according to the company's press release distributed via PRNewswire and Cision.
The PKI business unit provides digital trust, identity, authentication, encryption and certificate management solutions. Its portfolio includes PKI SaaS offerings under IdenTrust and HydrantID for credential management, as well as ZeroSSL. The divested business reported 2025 sales of MUSD 58 (approx. MSEK 570) with a strong operating margin, per the release.
ASSA ABLOY CEO Nico Delvaux said he was pleased that the unit, its employees and customers would gain "a committed long-term investor." Björn Lidefelt, EVP and Head of HID, said the PKI team had built a strong business with a solid customer base and that Vista had the expertise to advance it as the market evolves.
The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2026. Financial terms beyond the reported sales figures were not disclosed in the primary release. Coverage from di.se characterized the deal as neutral in tone, while the announcement was also reported by TradingView and other financial outlets.
The PKI business unit provides digital trust, identity, authentication, encryption and certificate management solutions. Its portfolio includes PKI SaaS offerings under IdenTrust and HydrantID for credential management, as well as ZeroSSL. The divested business reported 2025 sales of MUSD 58 (approx. MSEK 570) with a strong operating margin, per the release.
ASSA ABLOY CEO Nico Delvaux said he was pleased that the unit, its employees and customers would gain "a committed long-term investor." Björn Lidefelt, EVP and Head of HID, said the PKI team had built a strong business with a solid customer base and that Vista had the expertise to advance it as the market evolves.
The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2026. Financial terms beyond the reported sales figures were not disclosed in the primary release. Coverage from di.se characterized the deal as neutral in tone, while the announcement was also reported by TradingView and other financial outlets.
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