EQT Acquired the Open source SUSE from Micro Focus

Nuremberg-based Linux distributor and open-source specialist Suse overwrites its takeover confirmation with “Further independence for Suse”. Accordingly, Suse will go to the Swedish financial investor EQT and thus become even more independent.

The acquisition plans were announced by Suse itself on their official website under the news section. The former owner Micro Focus, who had taken over Suse itself around four years ago, sold the company at a price of 2.53 billion dollars to a financial investor. The new owner will be the Swedish financial investor EQT, the acquisition is scheduled for the beginning of next year. The new owner EQT is headquartered in Stockholm and wants, as far as is currently known, to make Suse more independent again.

EQT already has extensive experience in the software industry and many partners worldwide. Suse is to be continued as a completely independent company.

For the Nuremberg open source company to open up new opportunities. The current management team under the direction of CEO Nils Brauckmann should be maintained, announces Suse. They want to “continue to focus on the success of customers and partners with a deep-rooted commitment and commitment to open source communities and open source projects.”

The completion of the acquisition by EQT of Micro Focus is subject to the approval of the shareholders of Micro Focus. In addition, regulatory approvals are still pending, so that the purchase will probably be completed at the beginning of next year.

Linux distributor and open source specialist Suse has been sold several times in its 25-year history since its inception. Recently, Micro Focus snatched the company for $ 2.35 billion and now gets only a slightly higher price out again.

Via Winfuture and Suse official news