Tech Giant, Carlyle, Purchases IT Consultancy Firm, Adastra
In a significant move, global IT consultancy Adastra Group has been acquired by Carlyle, a leading global investment firm. The acquisition, which is pending regulatory approvals, will see Adastra Group, founded in 2000 and headquartered in Prague and Toronto, accelerate its global expansion through a combination of organic growth initiatives and targeted mergers and acquisitions (M&A) in the AI, data, and cloud services sectors.
Carlyle aims to leverage its extensive experience, resources, and global network to expand Adasta's offerings and international presence. The global market for AI, data, and cloud services is identified as a substantial opportunity, and Carlyle's resources, global footprint, and deep experience in this space are believed to position Adastra well to further accelerate its growth trajectory.
Rob Turner, CEO at Adastra, and Pavel Kysela, COO at Adastra, express excitement about the partnership. They see it as an opportunity to unlock a new phase of growth for Adastra's business. Vladimir Lasocki, Co-Head of the CETP investment advisory team, and Greg Zeluck, Co-Head of the CAPG investment advisory team, express enthusiasm about partnering with Adastra's founders.
Key elements of Adastra’s growth strategy under Carlyle’s majority ownership include scaling Adastra’s core AI, data, and cloud consultancy services to serve existing and new enterprise clients worldwide. The company also plans to expand internationally by entering new geographic markets, particularly across North America, Europe, and Asia, where Adastra already has a workforce of over 2,000 employees.
Pursuing targeted M&A is another crucial part of Adastra's strategy. The company aims to broaden service capabilities and accelerate growth, complementing organic initiatives driven by investment in technology and talent. The equity for the acquisition will come from Carlyle's CETP (Europe Technology Partners) and CAPG (Asia Partners Growth) funds.
Carlyle has a proven track record in scaling IT services companies globally, and this acquisition is seen as a strategic move to capitalize on the rapid demand for AI-driven and cloud-based enterprise transformations across industries such as financial services, automotive, manufacturing, telecommunications, healthcare, retail, and professional services.
In summary, Adastra’s growth strategy after Carlyle’s acquisition is a dual approach emphasizing both organic expansion and inorganic growth through strategic acquisitions, supported by Carlyle’s global resources and expertise in scaling technology firms. The partnership is expected to bring significant opportunities for Adastra to expand its presence in the large, fast-growing, and attractive global market for data, analytics, cloud, and AI transformations.
[1] Adastra Group Press Release
[2] Carlyle Press Release
[3] TechCrunch Article
- The partnership between Adastra Group and Carlyle will enable Adastra to leverage Carlyle's extensive resources and global network, specifically in the finance, technology, and business sectors, to expand its services and international presence.
- As part of Adastra's growth strategy, it plans to pursue targeted M&A in the AI, data, and cloud services sectors, aiming to broaden service capabilities and accelerate growth, with a focus on expanding operations across North America, Europe, and Asia.
