M And A

Stockholm – October 16, 2026 -- ASSA ABLOY has agreed to sell HID's PKI business unit to Vista Equity Partners. The unit generated 2025 sales of MUSD 58 (approx. MSEK 570) with a strong operating margin.

Divested unit spans PKI SaaS, credential management and ZeroSSL

The Public Key Infrastructure unit provides digital trust, identity, authentication, encryption and certificate management solutions. The perimeter of the sale covers PKI SaaS, comprising IdenTrust and HydrantID, as well as credential management and ZeroSSL.

Closing is expected in the fourth quarter of 2026

The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2026. ASSA ABLOY did not disclose the transaction price.

Stockholm – October 15, 2026 -- EQT AB has signed an agreement to acquire U.S. real estate manager Stockbridge for a base consideration of USD 375 million in cash, adding about USD 16.5 billion in fee-generating assets under management and USD 27 billion in gross asset value to EQT Real Estate.

Earnouts may become payable across 2027 to 2030, subject to performance targets. The base price is on a cash- and debt-free basis and will be funded from EQT's balance sheet.

EQT acquires 100% of the management company and fund general partners

EQT will take 100% of the Stockbridge management company and the general partner entities that control interests in the Stockbridge funds. It will also be entitled to invest in 35% of the carried interest in all future Stockbridge funds, in line with existing EQT policies.

Copenhagen – October 13, 2026 -- Copenhagen Infrastructure Partners (CIP) has acquired a 25% stake in the up to 1,080MW Five Estuaries Offshore Wind Farm through its fifth flagship fund, Copenhagen Infrastructure V (CI V). The stake was previously held by a Macquarie-led consortium. The announcement did not state the transaction value.

CIP joins three existing partners in the project's reshaped ownership

CIP now sits alongside EDF power solutions (33.33%), ESB (20.83%) and Sumitomo Corporation (20.83%). CIP will act as a long-term investor and work with all partners on delivery.

Kunal Patel, Partner at CIP, described offshore wind as a "golden opportunity" for the UK to deploy home-grown clean energy at scale. Matthieu Hue, CEO of EDF power solutions UK and Ireland, said the project complements the company's existing UK and Ireland portfolio.