TietoEnator acquires Fortuna Technologies for EUR 21 mlnIT services group TietoEnator has signed an agreement to acquire Fortuna Technologies in India for approximately EUR 21 million. The company has approximately 300 employees and provides R&D services and develops turnkey software services for major European and Asian mobile device manufacturers of 3G handsets. The acquisition supports TietoEnator Telecom and Media’s strategy. The impact on TietoEnator’s net sales for 2008 is expected to be approximately EUR 11 million and profitability of the acquired company higher than TietoEnator’s average level. The transaction is planned to be closed on 17 September.
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