Tieto's public offer for Avega
Tieto Group, through its Swedish subsidiary, announces a recommended cash offer for all shares in Avega Group AB (publ.). The acquisition will accelerate Tieto’s growth businesses and strengthen its footprint in the Swedish consulting-led market. Avega is planned to take a lead role in driving Tieto’s business renewal agenda for customers in Sweden. Avega’s customer base consists of a balanced and attractive customer portfolio. The company has approximately 350 employees and its net sales was EUR 45.2 million (SEK 428 million) in 2016.