Tieto Acquires Swedish Consultancy Firm Imano

Nov. 30, 2015 - Tieto announced that it has acquired Imano AB, a Swedish consulting company offering consulting services and helping its clients in the paper and forest industries digitalize their business processes. The company has approximately 50 employees in Sweden and its revenue in 2014 was EUR 7.1 million (SEK 66 million).

Terms of the deal were not disclosed.

The acquisition supports Tieto's objective of becoming the largest IT services provider in the paper and forest industries in Sweden and Norway.

“Tieto has 40 years of experience working in the intersection of technology and business in the paper and forest industry. This acquisition complements our competence portfolio especially in the fibre sourcing business and enables us to expand our end-to-end solutions for the forest value chain from woods to end-user goods,” said Henrik Reims, Head of Forest Industry at Tieto.

"The new consultancy capability provided by Imano will also open our business to new potential clients in Sweden and Norway,” Reims added.

The business operations and personnel of Imano have been transferred to Tieto.

Headquartered in Helsinki, Finland, Tieto is the largest IT services company in the Nordics providing full lifecycle IT services. To learn more, please visit: www.tieto.com

SOURCE: Tieto