Announced
Completed
Financials
Tags
digital consultancy
Norway
cloud solutions
Private
cloud robotics
digital consumer market
Friendly
Digital Services
Completed
Private Equity
Majority
Acquisition
Single Bidder
Merger
Synopsis
Tieto, a Finnish IT firm, completed its merger with EVRY, a Nordic Tech and consulting company, for $2.1bn. The aim of the deal is to build a joint venture to set up TietoEVRY, a Nordic digital consultancy offering software, cloud solutions, robotics, and other services. The combined value is estimated to be $3.4bn. “During the last few years, EVRY has taken important steps and become a preferred partner for digital transformation to our customers. EVRY and Tieto share strong Nordic values promoting openness, trust, and diversity. I believe that the new company will attract the right competence, customers and partners,” Per Hove, EVRY CEO.
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