SGT Capital acquires Utimaco

● STRATEGIC | CYBERSECURITY · Data Security & Secure Transfer

SEPTEMBER 11, 2026

SGT Capital (EQT Private Equity) acquires Utimaco

TARGET

Hardware security modules (HSMs), key management, and data intelligence software for regulated critical infrastructures, telecom providers, and governments globally.

Revenue	>EUR 100M (FY2022, projected at time of announcement)
Ownership	PE-backed · EQT Private Equity (prior owner)
Headcount	470+ FTEs
Headquarters	Aachen, Germany
Leadership	Stefan Auerbach, Chief Executive Officer
Sell-side advisor	—

ACQUIRER

SGT Capital

Global alternative asset manager with offices in Germany and Singapore

Deal value	Est. ~$500M deal value
Ownership	PE-backed
Buy-side advisor	Ernst & Young (E&Y) – commercial/technology/financial/tax

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SGT Capital -> Utimaco  (2026-09-11)
sponsor_exit | Cybersecurity | ~$500M | closed
Target: Hardware security modules (HSMs), key management, and data intelligence software for regulated critical infrastructures, telecom providers, and governments globally.
Website: utimaco.com
HQ: Aachen, Germany | Ownership: pe-backed | Seller: EQT Private Equity | Buyer ownership: pe-backed
Advisors - Buy-side: Ernst & Young (E&Y) – commercial/technology/financial/tax
Source: Thematic - https://thematichq.com/software/d/sgt-capital-utimaco.html

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