Displaying items by tag: EQT

German open source vendor SUSE has announced that its majority shareholder Marcel intends to take the company private by delisting it from the Frankfurt Stock Exchange through a merger into an unlisted Luxembourg entity.

Germany open source provider SUSE will go in for an initial public offering next year, the American news service Bloomberg reports, adding that its owner, Swedish private equity firm EQT, is already consulting advisers about the listing.

Open source company SUSE says the acquisition of Red Hat, once the biggest independent open source firm, by IBM shows the importance of the role that open source technology and standards will play in the future.

Open source firm SUSE has completed the process of acquisition by its fourth owner — Swedish growth investor EQT — and says it would now be the largest independent open source company, a status that Red Hat once enjoyed until it was bought by IBM.

Germany-based SUSE Linux has gone through its fourth sale in the last 15 years, with the new owner, Swedish growth investor EQT, having acquired the company from current owner, Britain's Micro Focus, for US$2.535 billion, with the UK firm using the proceeds to repay part of its existing debt.