Mummert & Company exclusively advised AURELIUS on the acquisition of several business units from Tieto Corporation

Munich, 04 February 2013 - Mummert & Company, an international and independent Corporate Finance advisor based in Munich, exclusively advised AURELIUS on the acquisition of Tieto Deutschland GmbH, Eschborn, and related activities in the Netherlands, India and Poland, from Tieto Corporation, based in Helsinki, Finland. The transaction is pending, subject to the approval of cartel authorities, and should be completed in the second quarter of 2013. The parties agreed not to publish the purchase price.

Tieto, which is listed on the Finnish and Swedish stock exchanges, is selling these activities in order to focus on its core markets. The acquisition includes Tieto Deutschland GmbH, Tieto Netherlands Healthcare BV and dedicated development resources in the near- and offshore centers in India and Poland. Tieto is a leading provider of IT and product engineering services. In 2012, the acquired businesses generated revenues of more than EUR 110 million.

The roughly 900 employees in different countries acquired as part of this transaction provide proprietary software, IT services and product engineering services to prestigious companies in many industries, including automotive, energy, healthcare, manufacturing, finance and telecommunications. Building on this successful business model, AURELIUS will develop these activities further and seek to exploit regional growth potential in adjacent markets.

Harald Maehrle, Managing Partner at Mummert & Company, comments: “We are pleased that we could again advise AURELIUS on a successful transaction. With the acquisition of the Tieto business units, AURELIUS is able to substantially strengthen its market position in the fast growing IT services segment and benefits from well established near- and offshore activities in Poland and India.“

SHORT PROFILE MUMMERT & COMPANY CORPORATE FINANCE GMBH

Mummert & Company is a leading corporate finance advisor, with particular experience in the sectors TMT, Industrial Technologies, Life Sciences, Energy and Business Services. With offices in Munich, Vienna, London and Princeton (USA), Mummert & Company provides advisory services for the purchase or sale of companies or shareholdings (mergers & acquisitions), for the raising of equity capital (venture capital, private equity or the capital markets) and debt capital, for restructurings, for valuations (fairness opinions) as well as for the privatization of government-owned enterprises.

Detailed information about Mummert & Company is available at
www.mummertcompany.com

SHORT PROFILE AURELIUS AG

AURELIUS AG is an industrial holding company with a long-term investment horizon, specialising in acquiring companies with the potential for development. AURELIUS has many years of experience in investment and management, in various different industries and sectors. AURELIUS uses its management skills and the necessary financial means to invest in innovative products, sales and research in order to further develop its partnerships. With offices in Munich and London, as well as shareholdings in Germany, the United Kingdom, France, Ireland, Poland, the Netherlands and Switzerland, AURELIUS is active throughout Europe. Shares in AURELIUS AG are traded on the Open Market of the Frankfurt Stock Exchange (FWB) under ISIN DE000A0JK2A8.

Detailed information about Aurelius is available at
www.aureliusinvest.de

SHORT PROFILE TIETO

Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services complemented by a strong technology platform provide our local and global customers tangible business benefits.

Detailed information about Tieto is available at
www.tieto.com

Vanessa Künstler
Mummert & Company Corporate Finance GmbH
Prinzregentenstr. 48
80538 Munich
Tel. +49 (89) 23 23 77 30
Fax +49 (89) 23 23 77 77
kuenstler@mummertcompany.com

This release was published on openPR.