Tieto acquiring OpenSpring and GrupoOnetec in Spain to support its European expansion

Tieto aims to become the European software and technology consulting market leader ​within selected industries. The company has identified Spain as an attractive market specifically for Tieto Banktech and Tieto Caretech, owing to their modern industry-specific software and data solutions. 

To advance with the ambition, Tieto has signed a definitive agreement with AFI Family Espana to acquire OpenSpring and GrupoOnetec, businesses offering technology consulting and anti-money-laundering services. The companies’ trusted long customer relationships provide valued local footprint in Iberia. This acquisition acts as a solid foundation to bring of Tieto’s competitive Banktech and Caretech software and solutions to the Iberian customers along with further opportunities for Tieto Tech Consulting.  

OpenSpring and GrupoOnetec together with close to 200 employees in Spain and Portugal operate across a range of industries, with higher intensity of financial institutions and insurance companies in their customer base. The total revenue is approx. EUR 10 million with solid growth potential also on standalone basis.  

“We see strong growth opportunities in Iberia, especially for Tieto Banktech and Tieto Caretech. Their proven software platforms and data-driven solutions, widely used in the Nordics, can deliver significant benefits to organizations in Iberia. To maximize value for our customers, we are expanding our vertical software businesses alongside our consulting services, making Tieto Tech Consulting a natural part of this strategy. 

Local presence is key to achieving our ambition. OpenSpring and GrupoOnetec, with their long-standing customer relationships across multiple industries, will form the foundation of Tieto Iberia, led by a country manager reporting directly to me. This marks the beginning of an exciting and promising journey together. We warmly welcome our new colleagues to Tieto”, comments Endre Rangnes, CEO of Tieto.  

The transaction based on enterprise value of EUR 8 million comprises the acquisition of shares in Openspring IT Iberia, S.L. and Grupo Onetec, S.L.. The companies’ financials will be consolidated as from the closing, which is expected to take place during the first quarter of 2026. 

Norgestion acted as a financial advisor and EY as the due-diligence and legal advisor for Tieto in this transaction. 

Tieto is a leading software and digital engineering services company with global market reach and capabilities. We provide customers across different industries with mission-critical solutions through our specialized software businesses Tieto Caretech, Tieto Banktech and Tieto Indtech, as well as our digital engineering business Tieto Tech Consulting. Our around 15 000 talented vertical software, design, cloud and AI experts are dedicated to empowering our customers to succeed and innovate with latest technology. 

Tieto’s annual revenue is approximately EUR 2 billion. The company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com