Deal announcement Tietoevry Tech Services Carve-out

Sector: IT services

Type of deal: Carve-out

PwC Finland provided financial sell-side due diligence as well as carve-out, tax and accounting assistance to Tietoevry in the sale of their Tech Services business, a leading provider of transformation and managed services to both private and public sector clients in the Nordic region. The buyer is Agilitas Private Equity, a pan-European mid-market private equity firm focused on transformational investments.

Congratulations to the Tietoevry team and all parties involved in the successful transaction.

The Tietoevry Tech Services business comprises application and data services, cloud platforms and security services, traditional infrastructure services and user experience services. Tech Services generated approximately €1bn in revenue in 2024.

Object of sale: Tietoevry Tech Services

Seller: Tietoevry Oyj

Buyer: Agilitas Private Equity

Deal announcement date: 20 March 2025

PwC’s role: Financial & carve-out due diligence and tax & accounting assistance

Press release