Tieto divests pulp and paper operations in America
March 10 2010 Tieto divests its pulp and paper operations in North America to focus on the growth markets in China and Russia.
Tieto has sold TietoEnator Majiq, a wholly-owned subsidiary of Tieto
USA, to Constellation Homebuilder Systems, which is a ssubsidiary of
Constellation Software Inc."Pulp and paper industries are growing in countries like China and Russia. At Tieto we are refocusing our IT services on these growth markets. Europe, however, remains an important and strong market for us. This transaction will also rationalize our pulp and paper industry related solutions," said Anttoni Vesterinen, Senior Vice President, Tieto Industrial Manufacturing & Services.