Assa Abloy

Money Moves

Seller of the PKI business unit

ASSA ABLOY has agreed to sell the certificate management arm of its HID subsidiary to Vista Equity Partners. The unit runs IdenTrust, HydrantID and ZeroSSL, which issue the digital certificates that prove a website, device or person is who it claims to be.

Updated Oct 31

Money Moves

As of October 2026: Ultimate parent of Jerith Manufacturing

Jerith Manufacturing, a Philadelphia aluminum fence maker that has operated since 1961, is closing its Northeast Philadelphia factory. The company filed a WARN notice with Pennsylvania on September 3, reporting 61 affected employees and a closure date of November 15.

Updated Oct 9