Avega Group divested to Tieto
Divestment to Tieto
December 2017
Sector: Technology
Service: M&A
Our role
Exclusive financial adviser to the majority owners of Avega Group on the sale to Tieto
Buyer
Tieto Oyj (publ) is listed on Nasdaq Helsinki and Nasdaq Stockholm, and is one of the leading IT service providers in the Nordic region. The Tieto Group has approximately 13,000 employees and operations in 23 countries, with net sales in 2016 of approx. EUR 1.5 billion
Target
Avega Group was listed on Nasdaq Stockholm and currently has approximately 350 employees spread across Stockholm, Gothenburg and Malmö. Group sales was SEK 428 million in 2016