Tietoevry Corporation has finalized the sale of its Norwegian subsidiary, Bekk Consulting AS, to private equity firm Axcel. The transaction, announced on December 1, 2025, was completed on February 2, 2026. The deal values Bekk at NOK 1.7 billion (about EUR 150 million).
According to Tietoevry, the proceeds from the sale will be used to reduce company debt or be distributed to shareholders, in line with its updated capital allocation policy.
Bekk had operated independently within Tieto Tech Consulting. The company stated that the divestment will not affect Tieto Tech Consulting’s branded operations in Norway.
For more information about the transaction, Tietoevry directed inquiries to its newsdesk and Head of Investor Relations.
Tietoevry is a global provider of software and digital engineering services for multiple industries. Its main business areas include specialized software solutions through Tieto Caretech, Tieto Banktech, and Tieto Indtech, as well as digital engineering via Tieto Tech Consulting. The company employs around 15,000 professionals focused on software development, design, cloud technology, and artificial intelligence.
The company’s annual revenue is about EUR 2 billion. Its shares are traded on NASDAQ Helsinki and Stockholm exchanges as well as Oslo Børs. More information is available at www.tietoevry.com.