EQT completed the acquisition of a 68% stake in SK Shieldus from SK Square.

EQT, a private equity company, completed the acquisition of a 68% stake in SK Shieldus, a security devices manufacturer, from SK Square, an active portfolio management company. Financial terms were not disclosed. “SK Shieldus marks EQT Value-Add Infrastructure’s first investment in Korea and comes just weeks after EQT opened a new office here in Seoul. The company is a clear leader in Korean physical and cyber security markets. EQT Value-Add Infrastructure is excited about partnering with SK Square to support SK Shieldus as it continues to roll out new digitized security solutions and invest in the decarbonization of its vehicle fleet,” Sang Jun Suh, EQT Managing Director and Head of South Korea.