O’Melveny Advises Agilitas on Buy-Out of Tietoevry’s Tech Services
September 5, 2025
FOR IMMEDIATE RELEASE
LONDON—September 5, 2025—O’Melveny advised funds advised by Agilitas Private Equity LLP (“Agilitas”), the pan-European mid-market private equity firm, on its agreement to back the buy-out of Tietoevry Tech Services. The buy-out was announced on March 24, 2025 and closed on September 2, 2025, having met certain closing conditions and customary regulatory approvals.
Tietoevry Tech Services serves large Nordic enterprise and public sector customers with primarily an outsourcing business model focusing on cloud, data, applications and infrastructure, and employs more than 7000 people globally. Operating as a standalone company, Tietoevry Tech Services will be rebranded under the name Vivicta and will continue to focus on its customers and their successful digital development.
The O’Melveny team in London advising Agilitas was led by partners David Carter, Braeden Donnelly, and Gregory Campbell, counsel Daniel Hobbs and Frida Schogger, and associate Alex Tocili.
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
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Agilitas Private Equity LLP issued the following statements:
Satu Kiiskinen, CEO of Tietoevry Tech Services, said: “Our partnership with Agilitas marks the beginning of the next phase of development for our business. We are excited to build on our work of delivering best-in-class critical IT solutions for our customers, supported by Agilitas’s market-leading expertise, which will contribute to the acceleration of our capabilities and position us for future success.”
Tor Midsem of Agilitas, who will join the Board of Tietoevry Tech Services, commented: “This is a key moment for Tietoevry Tech Services which we believe will flourish as a standalone business in a sector with strong tailwinds. We are thrilled to back the management team as they continue to deliver on their core mission for long-standing clients, and we will leverage our deep regional expertise in the sector to help further drive their success.”
Martin Calderbank, Managing Partner of Agilitas, said: “Tietoevry Tech Services is instrumental in delivering sophisticated, market-leading IT solutions to businesses, with demand for its services continuing to grow. Robust digital transformation trends are fuelling the demand for high-quality IT services. Tietoevry Tech Services is ideally positioned to meet this demand, enabling businesses to thrive and expand through reliable digital infrastructure and bespoke IT solutions.”
About Agilitas Private Equity LLP – www.agilitaspe.com
Agilitas is a pan-European, mid-market private equity firm founded in 2011. Funds advised by the firm invest in high-quality, defensible businesses with opportunities for significant step changes to create long-term value. Agilitas has a patient, sector-focused approach to investing and a strong track record of growing, improving and strengthening the businesses it backs. Agilitas is experienced at leading IT investments in the Nordic region, having led the buy-out of Danoffice IT, Cibicom and Aeven (previously NNIT IO). In other sectors, Agilitas backed the buy-out of Reconor and Recover Nordic which expanded in Finland with the strategic acquisition of L&T Korjausrakentaminen Oy.
About Tietoevry Corporation – www.tietoevry.com
Tietoevry is a leading technology company with a strong Nordic heritage and global capabilities. With 23 000 experts globally that specialize in cloud, data, and software, the company serves thousands of enterprise and public-sector customers in around 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs.