ASSA ABLOY sells HID's PKI business unit to Vista Equity Partners

What is being sold

The business unit being divested is HID's Public Key Infrastructure (PKI) operation. According to ASSA ABLOY, it provides digital trust, identity, authentication, encryption and certificate management solutions.

The unit includes PKI SaaS offerings, namely IdenTrust and HydrantID, which focus on credential management, as well as ZeroSSL. The buyer is Vista Equity Partners ("Vista").

Financial details and timing

ASSA ABLOY says the divested business had sales in 2025 of MUSD 58, or approximately MSEK 570, and reports a strong operating margin. The company did not disclose a purchase price in the announcement.

The deal is subject to customary closing conditions. It is expected to close during the fourth quarter of 2026.

Comments from ASSA ABLOY executives

Nico Delvaux, President and CEO of ASSA ABLOY, said: "I find it very satisfying that with Vista, the PKI business unit and its employees and customers gain a committed long-term investor, creating new opportunities for the future and I wish them every success."

Björn Lidefelt, EVP and Head of HID, pointed to the strength of the unit and its new owner. "Our PKI team has built a strong business with a strong customer base, and Vista has the expertise to take it forward as the market evolves," he said. He added: "We are pleased with this outcome for our customers, our employees, and for HID."

What it means for customers and the group

For customers of IdenTrust, HydrantID and ZeroSSL, the change affects ownership of the business, with Vista taking over once the transaction closes. The company frames the move as giving the unit a long-term investor, and does not describe any changes to the products themselves.

For ASSA ABLOY, the sale removes a business with sales of MUSD 58 from the group. ASSA ABLOY describes itself as the global leader in access solutions, with 64,000 employees and sales of SEK 152 billion, so the unit is a small part of the overall group. HID remains part of ASSA ABLOY.