Tietoevry completes tech services divestment, sharpens focus on software

Tietoevry Corporation has finalized the divestment of its Tietoevry Tech Services business to funds advised by Agilitas Private Equity LLP. This transaction, initially disclosed on March 23, marks a significant step in Tietoevry's strategic transformation towards becoming a market-oriented software and digital engineering company. Following the completion, Tietoevry's portfolio now includes vertical software businesses Banking, Care, Industry, and the digital engineering business Create.

The agreed purchase price for the divested operations totaled €300m, which includes €70m in earn-out payments contingent on performance milestones in 2026 and 2027. Additionally, approximately €98m in lease liabilities related to Tech Services transferred with the transaction, contributing to a reduction in Tietoevry's net debt. The company plans to use the transaction proceeds to further reduce outstanding debt.

Tietoevry has presented its Tech Services business as a discontinued operation since the first quarter of 2025. The net result of the disposal, including foreign exchange losses, will be reported in discontinued operations within the upcoming third-quarter interim report.