M&A Deal Summary

TietoEVRY Acquires EVRY ASA

On June 18, 2019, TietoEVRY acquired information technology company EVRY ASA from Apax

Acquisition Highlights
  • This is TietoEVRY’s 7th transaction in the Information Technology sector.
  • This is TietoEVRY’s 3rd transaction in Norway.

M&A Deal Summary
Date 2019-06-18
Target EVRY ASA
Sector Information Technology
Buyer(s) TietoEVRY
Sellers(s) Apax
Deal Type Merger

Target

EVRY ASA

Fornebu, Norway
EVRY provides information technology services, financial institutions, national public sector entities, municipalities and health authorities.

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Buyer(S) 1

Buyer

TietoEVRY

Espoo, Finland
Category Company
Founded 1968
Sector Information Technology
Employees23,833
Revenue 2.9B EUR (2023)
DESCRIPTION

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

DEAL STATS #
Overall 15 of 16
Sector (Information Technology) 7 of 7
Type (Merger) 1 of 1
Country (Norway) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-31 Tieto Oyj - ProArc

Helsinki, Finland

Tieto Oyj - ProArc is a provider of technical document management software serving Engineering & Construction companies in the Oil & Gas, Transportation, and Energy markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 TietoEVRY Oyj - Oil & Gas software business

Espoo, Finland

TietoEVRY Oyj's Oil & Gas software business is a provider of hydrocarbon management solutions, personnel, and material logistics software, and related services with installations in more than 50 countries. TietoEVRY Oyj's Oil & Gas software business is based in Espoo, Finland.

Sell -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 134 of 171
Sector (Information Technology) 11 of 17
Type (Merger) 1 of 3
Country (Norway) 2 of 2
Year (2019) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Grupo Electro Stocks S.L.

Barcelona, Spain

Grupo Electro Stocks S.L. is a distributor a range of electrical components to installers, repairmen, and builders. Grupo Electro operates a network of 75 points of sale, selling a wide range of electrical components, primarily to electrical installers. Grupo Electro Stocks S.L. was founded in 1981 and is based in Barcelona, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 MetaMetrics

Durham, North Carolina, United States

MetaMetrics is an education technology organization that offers the only scientifically valid, universal scales for measuring reading and listening (Lexile) as well as math (Quantile). The Lexile and Quantile Frameworks measure student ability and the complexity of the content they encounter. Lexile and Quantile measures and related technologies link assessment to instruction and provide next steps for students of all ages and abilities. MetaMetrics was formed in 1984 and is based in Durham, North Carolina.

Buy -
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