Enterprise infrastructure company SUSE has announced it will be acquired from Micro Focus by private equity group EQT, allowing it to enter a new era as an independent business.
The acquisition, expected to occur in early 2019, is subject to Micro Focus shareholder and customary regulatory approvals.
With seven years of expansion under its belt, SUSE has established itself as a leading provider of enterprise-grade, open source software-defined infrastructure and application delivery solutions.
SUSE staffing, customer relationships, partnerships, product and service offering, commitment to open source leadership and support for the key open source communities is expected to remain unchanged following the acquisition.
“Today is an exciting day in SUSE’s history. By partnering with EQT, we will become a fully independent business,” said Nils Brauckmann, SUSE CEO. “The next chapter in SUSE’s development will continue, and even accelerate the momentum generated over recent years. Together with EQT we will benefit both from further investment opportunities and having the continuity of a leadership team focused on securing long-term profitable growth combined with a sharp focus on customer and partner success. The current leadership team has managed SUSE through a period of significant growth, and now, with continued investment in technology innovation and go to market capability, will further develop SUSE’s momentum going forward.”
Johannes Reichel, partner at EQT Partners and investment advisor to EQT VIII, added, “We are excited to partner with SUSE’s management in this attractive growth investment opportunity. We were impressed by the business’ strong performance over recent years as well as its strong culture and heritage as a pioneer in the open source space. These characteristics correspond well to EQT’s DNA of supporting and building strong and resilient companies, and driving growth. We look forward to entering the next period of growth and innovation together with SUSE.”