Ardian to acquire majority stake in Swissbit Holding

Ardian has signed an agreement to acquire a majority stake in Swissbit Holding AG, a manufacturer of storage and embedded IoT solutions, with management reinvesting and retaining a substantial stake.

“Das Swissbit-Management-Team und Ardian, eine der weltweit führenden unabhängigen Investmentgesellschaften, haben die Unterzeichnung einer Vereinbarung zum Erwerb der Swissbit Holding AG bekannt gegeben.”lawstyle.ch

• 3 sources
• lawstyle.chBär & Karrer beriet die Aktionäre von Swissbit beim Verkauf der Swissbit Holding AG an Ardian - LAWSTYLEBoris EtterMay 14, 2020
• eetimes.euSwissbit Acquisition to Help Drive its Growth in Secure Embedded IoTNitin DahadMay 28, 2020
• eetimes.comSwissbit Acquisition to Help Drive its Growth in Secure Embedded IoT - EE TimesNitin DahadMay 28, 2020

Summarized from public sources; check the original articles before acting on it.