HPP assisted LähiTapiola in establishing a joint IT enterprise with Logica

The newly established LTC-Otso Oy develops and offers banking and insurance related ICT-services to LähiTapiola group, Etera and Turva. The services cover the needs of business activities relating to indemnity, employment pension and life insurances as well as businesses in the fields of banking, financial management and real estate investment.

240 Tieto-Tapiola employees will be transferred to the new company. LTC-Otso Oy will begin its operations in Espoo and Tampere in the beginning of February, 2013. The arrangement is one of the largest ICT outsourcing arrangements in Finland, with its value of 150 million euros.

LähiTapiola was advised by Senior Associate Terho Nevasalo and Partner Vesa Silaskivi.

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