Two Nordics-based public companies working on digital services and software, EVRY and Tieto, has announced a merger into a new company, TietoEVRY. The new entity will have combined revenue of some €3 billion and a team of 24,000 people.
Both EVRY and Tieto serve customers across the world but have the strongest presence in the Nordics markets, in industries like healthcare, fintech, welfare, etc. They offer “digital consulting, industry software, advanced cloud and infrastructure services,” the parties said in a statement.
The new company will be headquartered in Espoo, Finland, while the corporate and management functions are expected to be distributed across Oslo, Stockholm, and Espoo. The parties expect the merger to be completed in Q4’2019 or Q1’2020.
In the photo (left to right): Per Hove, CEO of EVRY, and Kimmo Alkio, CEO of Tieto.