TietoEVRY ( (GB:0KG0) ) has issued an announcement.
Tietoevry has announced the divestment of its Tietoevry Tech Services business to Agilitas Private Equity, expected to close in Q3 2025. This move will lead to changes in financial reporting, with Tietoevry Tech Services classified as a discontinued operation, impacting the company’s revenue and operating margins. The divestment aims to streamline Tietoevry’s operations, focusing on its core software and digital engineering businesses, potentially affecting stakeholders by altering financial metrics and operational focus.
More about TietoEVRY
Tietoevry is a leading software and digital engineering services company with a global market reach. It specializes in providing mission-critical solutions through its software businesses such as Tietoevry Care, Tietoevry Banking, and Tietoevry Industry, as well as its digital engineering business Tietoevry Create. The company employs 16,000 experts and has an annual revenue of approximately EUR 2 billion. Its shares are listed on NASDAQ exchanges in Helsinki, Stockholm, and Oslo.
YTD Price Performance: -6.48%
Average Trading Volume: 23,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: €1.82B
Learn more about 0KG0 stock on TipRanks’ Stock Analysis page.