Roschier advises Tietoevry in the strategic review and planned demerger of its Banking business

Recent work|March 4, 2024

Roschier advises Tietoevry Corporation in the strategic review concerning its Banking business.

Tietoevry announced on 15 February 2024 a demerger plan, whereby the Banking business would be transferred into a new independent company to be listed on Nasdaq Helsinki under the name Tietoevry Banking Corporation.  Tietoevry also sees market interest towards the Banking business, and a sales process is ongoing in parallel.Tietoevry Banking is expected to be positioned as a leading SaaS provider for the financial services sector with a strong market presence across its markets, offering a modern modular SaaS portfolio to financial institutions in the Nordics and beyond. Tietoevry’s Banking segment had a revenue of approximately EUR 567 million in 2023 and around 3 500 employees serving more than 400 customers globally.

Roschier’s core advisory team comprises Seppo Kymäläinen, Jouni Salmi, Petri Avikainen, Valentin Golovanov, Jaakko Laitinen, Mattias Brännkärr, Helena Viita, Mika Ohtonen, Andreas Bussman,Mira Ahonen and Samuli Järnroos.