Tietoevry Corporation has divested its Tech Services business to Agilitas Private Equity for EUR 300 million as part of its strategy to focus on core software and digital engineering operations.

Target Information

Tietoevry Corporation, a prominent player in the global software and digital engineering industry, has strategically decided to divest its Tietoevry Tech Services business. This divestment aligns with the company’s efforts to streamline its operations and focus on its core vertical software and digital engineering sectors. The company officially completed the transaction on September 2, 2025, with Agilitas Private Equity LLP acquiring the business for an agreed purchase price of EUR 300 million. This includes EUR 70 million contingent upon achieving specific performance milestones in 2026 and 2027, along with the transfer of lease liabilities totaling approximately EUR 98 million.

Industry Overview in Finland

Finland's software and digital engineering industry is witnessing robust growth driven by digital transformation across various sectors. As companies increasingly adopt advanced technologies such as AI, cloud computing, and data analytics, the demand for specialized software solutions has surged. The competitive landscape is characterized by a mix of established enterprises and emerging startups, all vying for innovation in software development and IT services.

In recent years, Finland has positioned itself as a hub for tech talent and innovation. With a strong emphasis on education and research, the country fosters a conducive environment for tech comp