SUSE acquires Losant

FEBRUARY 20, 2026

SUSE (EQT) acquires Losant

TARGET

Industrial IoT platform based in Cincinnati.

Ownership	VC-backed
Investors	CincyTech, Revolution Ventures (Rise of the Rest Seed Fund), TechNexus Venture Collaborative, Vine St. Ventures
Capital raised	$25M+
Headcount	1-10 FTEs
Headquarters	Cincinnati, Ohio
Leadership	Charlie Key, CEO Brandon Cannaday Michael Kuehl Emma Off, CEO (CincyTech)
Sell-side advisor	—

ACQUIRER

SUSE

Global open source software company

Ownership	PE-backed
Parent	EQT
Investors	GIC Private, EQT AB
Capital raised	$2.26B
Headcount	2,500 FTEs
Headquarters	Luxembourg City, Luxembourg
Leadership	Dirk-Peter van Leeuwen, Chief Executive Officer Keith Basil, General Manager of SUSE Edge
Buy-side advisor	—

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SUSE -> Losant  (2026-09-11)
strategic_acquisition | Industrial/Manufacturing | closed
Target: Industrial IoT platform based in Cincinnati.
Website: losant.com | Buyer site: suse.com
HQ: Cincinnati, Ohio | Ownership: vc-backed | Buyer sponsor: EQT AB | Buyer ownership: pe-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/suse-losant.html

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