TietoEVRY - M&A Summary and Business Overview

Information TechnologyCompany

TietoEVRY M&A Summary

TietoEVRY has acquired 16 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

TietoEVRY’s largest acquisition to date was in 2015, when it acquired Software Innovation ASA for $74M. TietoEVRY has acquired in 1 US state, and 8 countries. The Company’s most targeted sectors include information technology (44%) and software (44%).

TietoEVRY Business Overview

Where is TietoEVRY headquartered?

TietoEVRY is headquartered in Espoo, Finland.

What is TietoEVRY’s revenue?

TietoEVRY disclosed revenue of 2,851M EUR for 2023 and 2,928M EUR for 2022.

How many employees does TietoEVRY have?

TietoEVRY has 23,833 employees.

What sector is TietoEVRY in?

TietoEVRY is an information technology company.

When was TietoEVRY founded?

TietoEVRY was founded in 1968.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity16
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 5
  • M&A Advisors 3

TietoEVRY

TietoEVRY Oyj

Keilalahdentie 2-4,
Espoo, 02150
Finland,
+358 207 2010
www.tietoevry.com

TietoEVRY is an information technology services company providing product development and consultation services. TietoEVRY was founded in 1968 and is based in Espoo, Finland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 15 - - - 1 - 16
vol $74M $74M
Sell (0.2/yr) # 2 - 1 - - - 3
  19

Most Recent M&A

Company Date Value Type
MentorMate 2023-07-21 - Add-on Acquisition
Minneapolis, Minnesota · www.mentormate.com
TietoEVRY Oyj - Oil & Gas software business 2021-02-15 - Divestiture
Espoo, Finland
EVRY ASA 2019-06-18 - Merger
Fornebu, Norway · www.evry.com
Tieto Oyj - ProArc 2018-01-31 - Divestiture
Helsinki, Finland
Emric AB 2016-09-01 - Add-on Acquisition
Stockholm, Sweden · www.emric.com
Smilehouse Oy 2015-12-03 - Add-on Acquisition
Helsinki, Finland · www.smilehouse.com
Imano AB 2015-11-30 - Add-on Acquisition
Gothenburg, Sweden · www.imano.se/en
Software Innovation ASA 2015-08-17 74M NOK Add-on Acquisition
Fornebu, Norway · www.software-innovation.com
Canvisa Consulting AB 2013-09-03 - Add-on Acquisition
Stockholm, Sweden · www.canvisa.se
brightONE GmbH 2013-07-01 - Divestiture
Eschborn, Germany · www.brightone.de
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 7 (44%) 74M (100%) 2 (67%) -
Information Technology 7 (44%) - 1 (33%) -
Business Services 2 (13%) - - -
Total 16 $74M 3 -

By Geo

State/Country Buy Value Sell Value
Finland 3 - 2 -
Sweden 5 - - -
Norway 3 74M - -
Germany 1 - 1 -
India 1 - - -
Poland 1 - - -
Russia 1 - - -
United States 1 - - -
  Minnesota 1 - - -
Domestic 3 (19%) - 2 (67%) -
Cross-border 13 (81%) 74M (100%) 1 (33%) -
Total 16 $74M 3 -

Top M&A Advisors

Financial Deals
Danske Bank Corporate Finance
1
Evercore Group
1
Legal Deals
Advokatfirmaet Schjødt
1

Deal Values

buy # Total
< $100M 1 $74M
TOTAL $74M
Largest Software Innovation ASA
$74M (2015-08-17)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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