October 2017

Tieto's public offer for Avega

– aims to strengthen its position as the preferred business renewal partner in Sweden

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.

Message from Tieto's President and CEO, Kimmo Alkio

Avega and Tieto together

Aiming to be the preferred business renewal partner for our customers in Sweden
Accelerating a broader services and software portfolio for customers
Strong footprint in successful digital transformation and proven global delivery capability
Capability to plan and execute large renewal projects
Expertize in eg. enterprise application and customer experience management areas
Committed to continuous development, advancing Nordic societies
Avega is planned to form the core for Tieto’s Business Consulting and Implementation in Sweden

Related documents

Offer release (EN) 23 Oct

Offer release (SE) 23 Oct

Statement by Avega Group's Board of Directors (EN)

Statement by Avega Group's Board of Directors (SE)

Offer document (SE)

Offer document (EN)

Acceptance form (SE)

Acceptance form (EN)

Antitrust Clearance (SE)

Antitrust Clearance (EN)