Brief: Tieto To Sell Bekk Consulting In Norway

Tieto Oyj

01/12/2025 06:03

Dec 1 (Reuters) - Tietoevry Oyj TIETO.HE:

TO SELL BEKK CONSULTING AS IN NORWAY TO PRIVATE EQUITY FIRM AXCEL

PURCHASE PRICE (ENTERPRISE VALUE) FOR DIVESTED OPERATIONS AMOUNTS TO NOK 1 700 MILLION

DIVESTMENT IS EXPECTED TO CLOSE DURING Q1 OF 2026

O USE PROCEEDS TO REDUCE DEBT AND TO DISTRIBUTE CAPITAL TO SHAREHOLDERS

AT END OF Q3 OF 2025, BEKK'S LAST TWELVE MONTHS' REVENUE AMOUNTED TO NOK 1 056 MILLION WITH  EBIT OF NOK 150 MILLION

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