Tieto, a European software and technology consulting company, has agreed to acquire Spain-based OpenSpring and GrupoOnetec as part of its ambition to expand across Europe and strengthen its presence in key verticals.

The acquisition is aligned with Tieto’s strategy to become a European market leader within selected industries, with Spain identified as an attractive growth market. The country is seen as particularly promising for Tieto Banktech and Tieto Caretech, driven by demand for modern, industry-specific software and data-driven solutions.

To support this ambition, Tieto has signed a definitive agreement with AFI Family Espana to acquire OpenSpring and GrupoOnetec, two companies specialising in technology consulting and anti-money-laundering services.

Their established and trusted customer relationships are expected to provide Tieto with a strong local footprint in the Iberian market, serving as a platform to introduce its Banktech and Caretech software offerings while also creating additional opportunities for Tieto Tech Consulting.

OpenSpring and GrupoOnetec together employ close to 200 people across Spain and Portugal. The businesses operate across a broad range of industries, with a higher concentration of financial institutions and insurance companies among their clients. Combined revenues are approximately €10m, with Tieto highlighting solid growth potential even on a standalone basis.

The transaction is based on an enterprise value of €8m and includes the acquisition of shares in Openspring IT Iberia, S.L. and Grupo Onetec, S.L. Following completion, the companies’ financials will be fully consolidated into Tieto’s accounts. The closing of the deal is expected to take place during the first quarter of 2026.

Tieto CEO Endre Rangnes said, “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.”

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