Tieto Corporation PRESS RELEASE 1 June 2026 12:45 p.m. EEST
On 18 February 2026, Tieto announced an agreement to sell two of Tieto Indtech’s software businesses, Edlevo and HR& Payroll, to EG, an industry-specific software provider operating in the Nordics. Tieto has completed the transaction today 1 June 2026.
The cash and debt free purchase price (enterprise value) for the divested operations amounts to EUR 95 million. As communicated at signing, Tieto intends to use the proceeds in accordance with the company’s capital allocation policy.
For further information, please contact:
Tieto Newsdesk, news (at) tieto.com, tel. +358 40 570 4072
Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288, tommi.jarvenpaa (at) tieto.com
Tieto Corporation
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Tieto is a leading software and digital engineering services company with global market reach and capabilities. We provide customers across different industries with mission-critical solutions through our specialized software businesses Tieto Caretech, Tieto Banktech and Tieto Indtech, as well as our digital engineering business Tieto Tech Consulting. Our around 14 000 talented vertical software, design, cloud and AI experts are dedicated to empowering our customers to succeed and innovate with latest technology.
Tieto’s annual revenue is approximately EUR 2 billion. The company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com