Roschier advised Tieto in merger with EVRY
Two large Nordic digital services companies have signed a merger agreement in the first Finnish cross border merger between two listed companies. Tieto Corporation is listed in Helsinki and Stockholm and EVRY ASA is listed in Oslo.
In the transaction EVRY will merge into Tieto and the shareholders of EVRY will receive a mix of cash and Tieto shares as merger consideration. Together, Tieto and EVRY will become a leading Nordic digital services company with combined revenue of some EUR 3 billion and 24 000 employees. Tieto will thus become TietoEVRY, with the legal domicile remaining in Finland but corporate and management functions spread across the Nordics.
Roschier is lead legal advisor to Tieto, and with the merger agreement signed, work will continue immediately in order to finalize the merger. In this complex merger process, including various sets of legal frameworks, Roschier’s advisory team comprises Jon Unnérus, Kiira Tuohimaa-Leisio, Seppo Kymäläinen, Lauri Ignatius, Vesa Rasinaho, Andreas Bussman, Jaakko Laitinen, Ninni Pulliainen, Mattias Brännkärr, Leenamaija Heinonen, Ami Paanajärvi, Manne Airaksinen, Mika Ohtonen, Jonne Järvi and Antti Ihamuotila.