# Tieto to acquire Evry for $1.5 billion

Tieto Oyj agreed to buy Evry AS for about 13.2 billion Norwegian kroner ($1.5 billion) to form one of the biggest Nordic software and services companies. The transaction is expected to be completed in the first quarter of 2020.

- Type: Acquisition
- Announced: 2019-06-18
- Value: $1.50B
- Status: announced
- Products: software and services

## Companies

- [Tieto](https://endata.com/companies/15366.md) (acquirer)
- [Evry AS](https://endata.com/companies/40068.md) (target)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/tieto-to-buy-evry-for-1-5-billion-in-nordic-software-tie-up-2), 2019-06-18: "Tieto Oyj agreed to buy Evry AS for about 13.2 billion Norwegian kroner ($1.5 billion) to form one of the biggest Nordic software and services companies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.