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Announced

EQT to acquire a majority stake in Acronis from CVC.

Synopsis

EQT, a private equity firm, agreed to acquire a majority stake in Acronis, an IT solutions vendor for managed service providers, from CVC, a private equity and investment advisory firm. Financial terms were not disclosed. "We are thrilled to have EQT as a major shareholder to support our strategic expansion and share our vision for growth. We would like to thank our existing investors for their support to date and are pleased that many will remain invested as we move forward. But most of all, I’d like to thank the Acronis team for their work in getting us to this stage," Ezequiel Steiner, Acronis CEO.

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