Tieto and EVRY joining forces to create a leading Nordic digital services company

Kimmo Alkio

“This combination announced today will create a company well-positioned to facilitate digital transformation across the Nordics for the benefit of our customers, employees, shareholders and society. With continued investments in our people, latest technologies such as robotics, cloud and artificial intelligence, the combination will create a competitive digital partner for our customers. We have a strong cultural foundation based on Nordic values with upmost respect for every individual and focus on life-long learning. I believe we will create exciting opportunities for professional and personal growth for employees in both companies – and a strong value proposition for our customers. Together we have the opportunity to accelerate the pace of change and innovation in the industry and bring the benefits of the digital world to our customers faster and more effectively. I foresee a very exciting journey ahead”, says Kimmo Alkio, President and CEO of Tieto. 

Per Hove

“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,” says Per Hove, CEO of EVRY.

 

Highlights

1. Named TietoEVRY, the company will be well-positioned to bring the benefits of the digital world to our customers faster.

2. The combination creates a company with combined revenue of EUR ˜3 billion and ˜24,000 professionals across the world.

3. With more than 5,000 digital consultants in the Nordics close to customers with deep customer knowledge, and around 10,000 globally, the new company is set to accelerate its customers’ digital transformation.

4. Highly complementary across capabilities, markets and services with a strong presence in Norway, Sweden and Finland together with global expert teams, provide a good foundation for growth for the new company.

5. Companies share strong Nordic cultural heritage and values promoting openness, respect and diversity.

6. It is expected that the merger will be completed during the fourth quarter of 2019, or during the first quarter of 2020 at the latest, subject to shareholder and competition authority approvals.

Read related documents

Read more from the related documents below.

TietoEVRY presentation

Digital Advantage for Nordic Enterprises and Societies

Shareholder Nomination Board proposal - English

Proposals by the Board of Directors and the Shareholders’ Nomination Board of Tieto Corporation to the Extraordinary General Meeting resolving on the merger between Tieto Corporation and EVRY ASA

Tieto and EVRY sign merger plan

Approval of Prospectus EN

Supplement to the Merger Prospectus

Evry Q3 2019 interim report

Tieto Q3 2019 interim report

Evry Q2 2019 interim report

Tieto Q2 2019 interim report

Evry 2018 financial statements

Tieto 2018 financial statements

Merger and listing prospectus

Resolutions of the Extraordinary General Meeting of EVRY ASA

Resolutions of the Extraordinary General Meeting of Tieto

Governance Agreement (en)

News and releases

Read more about the related news and releases below.

Tieto and EVRY joining forces

Tieto and EVRY joining forces to create a leading Nordic digital services company (stock exchange release 18.6.2019)

Tieto and EVRY joining forces

Tieto and EVRY joining forces to create a leading Nordic digital services company (press release 18.6.2019)

Tieto och EVRY går samman

Tieto och EVRY går samman för att bli en ledande leverantör av digitala tjänster i Norden

EVRY og Tieto fusjonerer

EVRY og Tieto fusjonerer og skaper en ledende nordisk leverandør av digitale tjenester

Regulatory approvals obtained for the merger

Regulatory approvals obtained for the merger between Tieto Corporation and EVRY ASA – closing of the merger subject to divestment of EVRY’s case management and archiving systems in Norway

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