EQT agreed to acquire Avetta from WCAS.

EQT, a private equity firm, agreed to acquire Avetta, a provider of supply chain risk management software, from WCAS, a private equity firm. Financial terms were not disclosed. “Our partnership with EQT propels Avetta into a new era of innovation and growth, reinforcing our dedication to fostering safer, more sustainable workplaces across our global clients and suppliers. This transition is not just a significant milestone for Avetta but for the supply chain risk management (SCRM) industry at large. With the support of EQT, we are poised to enhance our product suite and operational reach further, as demonstrated by ‘Ask Ava,’ our pioneering generative AI risk assistant. As we embrace this exciting phase of expansion, we extend our deepest gratitude to WCAS for their unwavering support and partnership over the past six years,” Arshad Matin, Avetta CEO.