EQT-backed SUSE to acquire Rancher Labs.

EQT-backed SUSE, an independent open source company, agreed to acquire Rancher Labs, a designer and developer of software solutions. Financial terms were not disclosed. The deal is expected to close before the end of October 2020, subject to customary closing conditions including receipt of regulatory approvals. “The next chapter in SUSE’s development will continue, and even accelerate the momentum generated over recent years. Together with EQT we will benefit both from further investment opportunities and having the continuity of a leadership team focused on securing long-term profitable growth combined with a sharp focus on customer and partner success. The current leadership team has managed SUSE through a period of significant growth, and now, with continued investment in technology innovation and go to market capability, will further develop SUSE’s momentum going forward,” Nils Brauckmann, SUSE CEO.