HPP represented the management team of Tietoevry Tech Services in a transaction where Tietoevery entered into an agreement concerning the sale of its Tech Services business area to funds advised by Agilitas Private Equity LLP for EUR 300 million.
The transaction is anticipated to close in the third quarter of 2025, contingent upon the fulfilment of certain closing conditions, including customary regulatory approvals.
This sale marks the conclusion of the strategic review of the Tech Services business area, initially announced on 30 November 2022, and propels Tietoevry’s transformation into a leading international software and digital engineering company. Tietoevry Tech Services serves large Nordic enterprise and public sector customers with primarily an outsourcing business model focusing on cloud, data, applications and infrastructure. The revenue of the business was EUR 1 000.7 million in 2024, and it has 7 230 employees globally.
Agilitas Private Equity LLP, based in London, focuses on mid-market investments across Europe. The acquisition will provide the Tech Services business with an independent platform for growth.
