Summa Equity Acquires Majority Stake in FAST LTA
May 2, 2024
Summa Equity has acquired a majority stake in FAST LTA, a Munich-based provider of secure data storage and archiving solutions, investing from its EUR 2.3bn Article 9 Fund III. FAST LTA, which has ~100 employees and reported EUR 25m revenue in 2023, will leverage Summa's support to pursue international expansion and further develop its secure, energy-efficient storage and ransomware-protection offerings.
- Buyers
- Summa Equity
- Targets
- FAST LTA
- Industry
- Cybersecurity
- Location
- Bavaria, Germany
- Transaction Type
- Buyout
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