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The latest update is out from TietoEVRY ( (GB:0KG0) ).
Tietoevry has agreed to sell its Tech Services business to Agilitas Private Equity for EUR 300 million, marking a strategic shift towards becoming a leading international software and digital engineering company. The transaction, expected to close in the third quarter of 2025, will allow Tietoevry to reduce its debt and potentially distribute capital to shareholders. This move concludes a strategic review initiated in 2022 and is expected to enhance Tietoevry’s market position while allowing Tietoevry Tech Services to grow independently under Agilitas’s stewardship.
More about TietoEVRY
Tietoevry is a leading technology company with a strong Nordic heritage and global capabilities, specializing in cloud, data, and software services. The company serves thousands of enterprise and public-sector customers across 90 countries, with an annual turnover of approximately EUR 3 billion. Tietoevry is listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs.
YTD Price Performance: 10.15%
Average Trading Volume: 21,174
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €2.27B
See more data about 0KG0 stock on TipRanks’ Stock Analysis page.