Tieto is a company headquartered in Finland and is one of the leading software and services companies in the Nordics. Together the combined company will create a driving force for innovation.
The transaction is subject to approval by the shareholders of both companies and the competition authorities in Norway, Sweden and Finland; this process is expected to be completed in the fourth quarter of 2019, or at the latest during the first quarter of 2020.
- The combined company which, subject to approval, will be named TietoEVRY will be a leading employer in digital services and software with 24,000 employees.
- With total revenues of EUR 3 billion, the new company will serve thousands of enterprises and public sector customers in more than 90 countries.
- This transaction will be highly complementary from a geographical, offering and customer perspective.
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