Tieto completes the divestment of Bekk Consulting AS

Tietoevry Corporation           PRESS RELEASE        2 February 2026  5:30 p.m. EET

On 1 December 2025, Tieto announced an agreement to sell Bekk Consulting AS (Bekk) in Norway to private equity firm Axcel for cash and debt free purchase price (enterprise value) of NOK 1 700 million (approximately EUR 150 million). Tieto has completed the transaction today 2 February 2026.

As communicated at signing, Tieto intends to use the proceeds to reduce debt and/or distribute capital to shareholders in line with the company’s updated capital allocation policy.

Bekk operated as an independent entity under Tieto Tech Consulting and the divestment does not have an impact on Tieto Tech Consulting’s Tieto branded operations in Norway.

 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

 

Tietoevry 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 15 000 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