Tietoevry Oyj (Tieto)

Tieto has entered into a strategic acquisition of Openspring IT Iberia and Grupo Onetec in Spain from Arrastia Fonacier Iglesias Family to accelerate its European expansion and strengthen its market position in software, technology consulting, and digital engineering services. Spain has been identified as a strategically attractive market, particularly for Tieto’s vertical software offerings in Banktech and Caretech, due to strong customer demand and opportunities to deploy modern, industry-specific software and data solutions beyond the Nordic region. The acquisition leverages Openspring and Onetec’s long-standing local customer relationships and established presence in Iberia as a foundation to extend Tieto’s footprint and bring its competitive software platforms and consulting capabilities to new clients. With nearly 200 employees and a diversified customer base across financial institutions and insurance companies, the combined businesses provide a solid platform for continued growth and integration of Tieto’s services. This strategic investment supports Tieto’s ambition to become a European leader in selected technology segments while creating additional value for customers through enhanced service offerings and deeper regional engagement.

NORGESTION acted as exclusive M&A advisor to Tieto.