UK's Micro Focus sells SUSE software business to EQT for $2.5 billion

guest · Jul 2, 2018

UK's Micro Focus sells SUSE software business to EQT for $2.5 billion
July 2, 2018
https://www.reuters.com/article/us-...e-software-unit-for-2-5-billion-idUSKBN1JS0I8

Britain’s Micro Focus Intl (MCRO.L) has agreed to sell its SUSE open-source enterprise software business to Swedish buyout group EQT Partners for $2.535 billion, lifting its shares 6 percent.

SUSE is used by banks, universities and government agencies around the world and is a pioneer in enterprise-grade Linux software serving companies such as Air India, Daimler and Total.

EQT said as the new owner it would help SUSE hire software engineers to expand the products it offers.
“Investment into engineers was somewhat restricted under prior ownership. That will change,” EQT’s Johannes Reichel said.
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SUSE Partners with Growth Investor EQT to Continue Momentum, Strategy Execution and Product Expansion
SUSE announces plans to operate as a fully independent business
July 2, 2018
https://www.suse.com/c/news/suse-pa...tum-strategy-execution-and-product-expansion/

SUSE® today announced plans to partner with growth investor EQT to continue momentum, strategy execution and product expansion as an independent business. The completion of EQT’s acquisition of SUSE from Micro Focus is subject to Micro Focus shareholder and customary regulatory approvals and is expected to occur in early 2019.
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UK's Micro Focus sells SUSE software business to EQT for $2.5 billion

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UK's Micro Focus sells SUSE software business to EQT for $2.5 billion

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