SUSE, a German open-source software company, is being taken private by EQT Partners, a Swedish private equity firm, as first reported by Reuters.
The deal is valued at €2.5 billion ($2.6 billion).SUSE is a leading provider of Linux and open-source software solutions.
Its products are used by businesses of all sizes, from small and medium-sized businesses to Fortune 500 companies.
Image Credit: SUSE
The deal is expected to close in the second half of 2023
Once the deal is complete, SUSE will become a privately held company.
The move to take SUSE private is seen as a way to give the company more flexibility to invest in its growth and innovation.
It is also seen as a way to protect SUSE from the volatility of the public markets.SUSE is the latest in a string of technology companies that have been taken private by private equity firms.
In recent years, private equity firms have been increasingly active in the technology sector, as they see it as a growth area with attractive investment opportunities.
The deal for SUSE is a significant one, and it is likely to have implications for the open-source software industry.
It remains to be seen how EQT Partners will manage SUSE, and whether it will be able to continue to grow the company and innovate.
