Tietoevry Corporation STOCK EXCHANGE RELEASE 2 September 2025 5:05 p.m. EEST
On 23 March, Tietoevry announced that it had entered into an agreement to divest
its Tietoevry Tech Services business to funds advised by Agilitas Private Equity
LLP.Tietoevry has completed the transaction today. Following the completion,
Tietoevry's business portfolio will comprise vertical software businesses
Banking, Care and Industry along with the digital engineering business Create.
“This transaction marks a significant step in Tietoevry's transformation into a
leading market-oriented software and digital engineering company. We remain
committed to delivering measurable value through our advanced software solutions
and digital consulting. With strong customer focus, we've taken decisive actions
to drive growth, supported by a robust order backlog and recent wins across our
core businesses”, says Endre Rangnes, President and CEO of Tietoevry.
The agreed purchase price for the divested operations amounted to EUR 300
million, of which EUR 70 million was agreed to be in the form of earn-out
payments, subject to fulfilment of certain performance milestones in 2026 and
2027. Furthermore, lease liabilities of approximately EUR 98 million, related to
the Tech Services business, have transferred as part of the transaction,
reducing Tietoevry's net debt. Tietoevry will use the transaction proceeds to
reduce outstanding debt.
Tietoevry has presented its Tech Services business as a discontinued operation
starting from the first quarter of 2025. The net result of the disposal,
including the reclassification of foreign exchange losses from other
comprehensive income, will be reported in discontinued operations in the third
-quarter interim report.
From today onwards, information regarding Tietoevry Tech Services is available
on Tietoevry Tech Services website at www.tietoevrytechservices.com
For further information, please contact
Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288,
tommi.jarvenpaa (at) tietoevry.com
Tietoevry Corporation
DISTRIBUTION
NASDAQ Helsinki
NASDAQ Stockholm
Oslo Børs
Principal Media
Tietoevryis a leading software and digital engineering services company with
global market reach and capabilities. We provide customers across different
industries with mission-critical solutions through our specialized software
businesses Tietoevry Care, Tietoevry Banking and Tietoevry Industry, as well as
our digital engineering business Tietoevry Create. Our around 15 000 talented
vertical software, design, cloud and AI experts are dedicated to empowering our
customers to succeed and innovate with latest technology.
Tietoevry's annual revenue is approximately EUR 2 billion. The company's shares
are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo
Børs.www.tietoevry.com