IFLR1000

Tieto DKr13.2 billion acquisition of Evry

18/6/2019
Private acquisition
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DKr 13.2 billion

$ 1.982 billion

Announced

18/6/2019

Overview:

  • Finnish IT services firm Tieto has agreed to acquire Norwegian peer Evry for DKr13.2 billion.
  • The merged companies will create a pan-Nordic digital consultancy offering software, cloud solutions, robotics and other services.

Prin Shasiharan - Researcher

Jurisdictions:

United States
Finland
Norway
Sweden

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Tieto (Acquirer)

Haavind

Party: Tieto (Acquirer)

Lawyers: Andreas Vik, Cornelius Sogn Ness, Leif Eirik Thrane

Hannes Snellman

Party: EVRY (Target)

Lawyer: Klaus Ilmonen

Lindahl

Party: Tieto (Acquirer)

Lawyers: Gabriel Svedberg, Michael Edquist

Roschier

Party: Tieto (Acquirer)

Lawyers: Antti Ihamuotila, Jonne Järvi, Manne Airaksinen, Mika Ohtonen

Schjødt

Party: EVRY (Target)

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