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An announcement from TietoEVRY ( (GB:0KG0) ) is now available.
Tietoevry has completed the sale of its Tech Services business to Agilitas Private Equity for EUR 300 million, marking a strategic shift towards becoming a market-oriented software and digital engineering company. The transaction will help reduce Tietoevry’s net debt and is expected to drive growth through a strong order backlog and recent business wins.
The most recent analyst rating on (GB:0KG0) stock is a Hold with a EUR16.00 price target. To see the full list of analyst forecasts on TietoEVRY stock, see the GB:0KG0 Stock Forecast page.
More about TietoEVRY
Tietoevry is a leading software and digital engineering services company with a global market reach, providing mission-critical solutions through specialized businesses such as Tietoevry Care, Tietoevry Banking, and Tietoevry Industry, alongside its digital engineering business, Tietoevry Create. The company employs around 15,000 experts and generates an annual revenue of approximately EUR 2 billion.
Average Trading Volume: 275,377
Current Market Cap: €1.89B
Learn more about 0KG0 stock on TipRanks’ Stock Analysis page.