.
MergerLinks Header Logo

New Deal


Announced

Completed

Tieto completed the $2.1bn merger with Evry.

Financials

Edit Data
Transaction Value£1,685m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.5x
EV/EBITDA15.5x
Share Price Premium-
One Off Charge-

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US