TietoEVRY Oyj — M&A Activity 2025

Sep 2, 2025

Tietoevry completes the divestment of its Tech Services business

Tietoevry completes the divestment of its Tech Services business

Tietoevry Corporation STOCK EXCHANGE RELEASE 2 September 2025   5:05 p.m. EEST

On 23 March, Tietoevry announced that it had entered into an agreement to divest

its Tietoevry Tech Services business to funds advised by Agilitas Private Equity

LLP.Tietoevry has completed the transaction today. Following the completion,

Tietoevry's business portfolio will comprise vertical software businesses

Banking, Care and Industry along with the digital engineering business Create.

"This transaction marks a significant step in Tietoevry's transformation into a

leading market-oriented software and digital engineering company. We remain

committed to delivering measurable value through our advanced software solutions

and digital consulting. With strong customer focus, we've taken decisive actions

to drive growth, supported by a robust order backlog and recent wins across our

core businesses", says Endre Rangnes, President and CEO of Tietoevry.

The agreed purchase price for the divested operations amounted to EUR 300

million, of which EUR 70 million was agreed to be in the form of earn-out

payments, subject to fulfilment of certain performance milestones in 2026 and

2027. Furthermore, lease liabilities of approximately EUR 98 million, related to

the Tech Services business, have transferred as part of the transaction,

reducing Tietoevry's net debt. Tietoevry will use the transaction proceeds to

reduce outstanding debt.

Tietoevry has presented its Tech Services business as a discontinued operation

starting from the first quarter of 2025. The net result of the disposal,

including the reclassification of foreign exchange losses from other

comprehensive income, will be reported in discontinued operations in the third

-quarter interim report.

From today onwards, information regarding Tietoevry Tech Services is available

on Tietoevry Tech Services website at www.tietoevrytechservices.com

For further information, please contact

Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288,

tommi.jarvenpaa (at) tietoevry.com

Tietoevry Corporation

DISTRIBUTION

NASDAQ Helsinki

NASDAQ Stockholm

Oslo Børs

Principal Media

Tietoevryis 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 Tietoevry Care, Tietoevry Banking and Tietoevry Industry, as well as

our digital engineering business Tietoevry Create. Our around 15 000 talented

vertical software, design, cloud and AI experts are dedicated to empowering our

customers to succeed and innovate with latest technology.

Tietoevry'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