EQT acquires Open Systems

According to a regulatory filing, the GP will take full control of the target indirectly using a holding company.

The deal will be the GP's first buyout in 2017 using its €1.1bn mid-market fund. In December 2016, the vehicle was deployed for the acquisition of Spanish telecommunications provider Adamo Telecom Iberia.

Company
Open Systems is a network security company founded in 1990 in Basel and headquartered in Zurich since 1995. The company has operations in more than 180 countries and employs a staff of 135 people. Its current revenues amount to €40m.

People
EQT Partners – Jan Ståhlberg (vice-chairman).
Open Systems – Martin Bosshardt (CEO).

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• Topics
• Buyouts
• DACH
• Technology
• Switzerland
• EQT
• Buy-in/Buyout