Tieto sold its Lean System business to private equity fund managed by Korona Invest
Undisclosed
Adviser to Tieto on the sale of its Lean System business to Korona Invest
Tech & Tech Services
Finland
We have advised Tieto, the largest IT services company in the Nordic region with annual revenues of about €1.5bn, on the sale of its Lean System business to a Finnish private equity fund managed by Korona Invest.
Lean System offers ERP and manufacturing operations management (MOM) software for the manufacturing sector. Korona Invest merged Lean with Roima Intelligence.
Tieto’s strategic choice is to concentrate on medium-sized and large enterprises and customers in the public sector. We will continue providing full-stack services including a wide service portfolio to these customers and continue our investments in the area. The announced divestment is a continuation of Tieto's strategy, as the divested business offers services mainly to Finnish SME segment customers. We are very pleased to hand over the business to a reliable partner like Korona Invest.
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