Target Information

Agilitas Private Equity LLP, a pan-European mid-market private equity firm, has successfully closed the buy-out of Tietoevry Tech Services, a prominent division of Tietoevry and a leading IT service provider in the Nordic region. This acquisition, initially announced on March 24, 2025, signifies a pivotal development for both Agilitas and Tietoevry Tech Services.

As part of its new trajectory, Tietoevry Tech Services has revealed its upcoming brand name, Vivicta, which indicates the beginning of an exciting phase as an independent entity. The official announcement regarding the rebranding will follow shortly.

Industry Overview in Nordic Region

The Nordic region is recognized for its advanced IT infrastructure and innovative technology landscape, with a growing demand for IT services that are critical for both public and private sectors. The region’s emphasis on digital transformation has spurred the need for reliable IT service providers that can support complex operations within various industries.

In recent years, the IT service sector has witnessed significant growth, driven by increased investments in cloud computing, data analytics, and automation services. As businesses evolve and adopt more sophisticated technology solutions, the demand for comprehensive IT support continues to escalate.

Moreover, as regulatory pressures increase, organizations are seeking service providers that not only understand compliance requirements but also have a proven track record in ensuring data security. This has positioned companies like Tietoevry Tech Services as pivotal players in safeguarding sensitive information and maintaining operational integrity.

With a workforce of over 7,000 professionals, Tietoevry Tech Services exemplifies the fusion of global expertise and local knowledge essential for meeting the unique needs of Nordic customers, particularly in highly regulated industries such as finance and energy.

Rationale Behind the Deal

Agilitas' acquisition of Tietoevry Tech Services is grounded in the firm’s commitment to enhancing the company’s robust fundamentals. By leveraging Tietoevry’s well-established asset base, particularly its strategically located data centers across the Nordic region, Agilitas aims to foster growth and expand service offerings.

This partnership also allows Tietoevry Tech Services to focus on its strategic initiatives under the new Vivicta brand, enabling it to optimize cloud-based data solutions and enhance its mission-critical IT services further. The emphasis on automation and artificial intelligence represents a forward-looking strategy to improve the company’s customer offerings.

Investor Information

Agilitas Private Equity LLP is recognized for its strategic investments in mid-market companies, particularly within technology sectors. The firm’s expertise lies in enhancing operational efficiencies and scaling businesses to reach their maximum potential. Bolstered by their innovative approach, Agilitas aims to implement strategic initiatives that align with Tietoevry Tech Services’ growth objectives.

With a focus on collaboration with management, Agilitas is dedicated to delivering value through sustainable growth strategies. CEO Satu Kiiskinen’s experience, combined with Agilitas’s resources, positions the company for significant advancements in the IT services market.

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The acquisition of Tietoevry Tech Services by Agilitas can be viewed as a favorable investment opportunity, primarily due to the company's strong market presence and the increasing demand for IT services in the Nordic region. Given the firm's strategic focus on cloud solutions and automation, the potential for growth is substantial.

Moreover, Tietoevry Tech Services’ ability to deliver mission-critical IT solutions across various sectors adds resilience to its business model, making it less vulnerable to volatile market conditions. This factor, coupled with the anticipated rebrand to Vivicta, presents an opportunity to refresh its market positioning and attract new clients.

The alignment of Agilitas’s objectives with the operational strengths of Tietoevry Tech Services further enhances the probability of success. Agilitas’s commitment to supporting innovation in automation and artificial intelligence will likely provide the necessary impetus for the company to stay relevant and competitive in a rapidly evolving industry.

In conclusion, this deal not only facilitates the growth of Tietoevry Tech Services into its own brand but also presents a strategic advantage for Agilitas, positioning them for long-term success in the IT service sector.

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