with a contract value of around EUR 26 million covers infrastructure and cloud-based services in
Europe, Singapore and Thailand. Modern and environmentally friendly technology from
Tietoevry will ensure that Aibel will harness the potential of modern cloud solutions to facilitate
innovation and provide a high degree of security and scalability.
In August, Ilmarinen, Finland’s largest private earnings-related pension insurance company, and
Tietoevry agreed on a strategic partnership in the area of insurance processes. The co-
operation commenced in September and it will cover the development of insurance processes
and related solutions as well as a wider scope of application maintenance services across a
variety of Ilmarinen’s other processes, and support functions. With this new partnership,
Tietoevry commits to support Ilmarinen’s business targets and holds the key role in the planning
and implementing of the client’s digitalization strategy.
In September, OP Financial Group and Tietoevry signed a multi-year agreement on renewal and
modernization of application development, and maintenance collaboration in digital services.
The agreement is valid for over five years and has a value of approximately EUR 16 million for
maintenance services.
In September, Tietoevry announced that it will build an R&D centre in Nanjing, China. Through
its extended competences and capabilities in China, the company aims to scale up its activities
in the development of the latest Automotive, Smart Electronics, and Telecommunication
Software technologies and related services. This establishment followed an extended
partnership with Ericsson. Related revenue contribution started in November with 330
employees having joined the company. The two-year agreement represents value of around
EUR 30 million.
In October, Tietoevry extended its collaboration with MedMera Bank through the deployment of
advanced AI and Machine Learning solutions. The new technology supports fast, evidence-
based decision-making based on profit scoring, which ultimately reduces customer churn.
In November, the City of Stockholm and Tietoevry concluded a long-term contract on next-
generation IT services. The contract covers the development, administration and operation of IT
systems. Tietoevry will provide the City of Stockholm with an IT environment covering state-of-
the-art digital services, including automation and AIOps (AI within IT operations), to modernize
an application and infrastructure landscape meeting high regulatory requirements and
standards. The agreement initially runs for a period of seven years and includes options for
extension to a maximum of eight years. The agreement is expected to represent a potential total
contract value of approximately SEK 4 billion over 15 years.
In November, SEB and Tietoevry prolonged their strategic collaboration within Cards. The
agreement covers the production and personalization of cards for SEB Group in a cost-efficient
and sustainable way for the Swedish, Norwegian, Finnish and Danish markets.
In December, Equinor, one of the long-term key customers in Digital Consulting in Norway,
extended its partnership with Tietoevry even further. Tietoevry will deliver more services in new
areas. The company’s services strongly contribute to Equinor's business optimization,
digitalization and ambitions for sustainable growth.
In December, Länsförsäkringar extended its collaboration with Tietoevry within card services.
Tietoevry will deliver card services, including fraud detection and prevention, to
Länsförsäkringar's banking and Wasa Kredit operations in Sweden. The contract is valued at
over EUR 30 million and is an extension until the end of 2026.
In December, Bankomat and Tietoevry renewed their agreement on IT services for ATMs. This
includes all Bankomat’s ATMs and cash recyclers in Sweden. The ATM service delivery covers a
wide range of services such as withdrawal and deposit of cash, cash administration, second-line
maintenance of the ATMs and recyclers, first-line help desk for Bankomat’s users, network
services connecting all the ATMs and a cash depot system that was launched in 2021. The co-
operation has been ongoing since 2011, and this extension is valid for three years until the end
of March 2025 at a value of EUR 29.6 million.
In December, Systembolaget extended its strategic collaboration for Tietoevry to deliver IT
operations, including infrastructure, service desk, application operations, CaaS (Client as a
Service) and mobility services for Systembolaget in Sweden. The co-operation started in 2011
and the contract has now been prolonged until May 2025 at a value of EUR 28 million. With its
simplified and reliable service delivery, Tietoevry will continue to support Systembolaget in its
digital and sustainable transformation.
In December, Region Västernorrland renewed its collaboration with Tietoevry. Following a
procurement process, Tietoevry was chosen to deliver services for data centres,
communications and networks. These services cover core infrastructure, service desk,
application operations and infrastructure consulting. The services help approximately 6 000