EQT Partners acquired Ellab, a leading global supplier of thermal validation solutions and services, from IK Investment Partners. The management will partner with EQT and retain a minority stake in the company. Financial terms were not disclosed. Peter Krogh, CEO of Ellab, said: “We are proud of Ellab’s accomplishments over the past decades and with the recent expansion of our product portfolio and as-a-service offering we believe that we can be an even more valuable partner to our customers in the future. EQT shares our strong company values and we believe that their global reach and sector expertise makes them an ideal partner and will place Ellab in an excellent position for continuing our momentum and further bolster the commitment to our customers.”