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Adastra Acquired by Global Investment Firm Carlyle

1. Carlyle has agreed to acquire a majority stake in Adastra Group. 2. Acquisition pending standard regulatory approvals in multiple jurisdictions.

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FAQ

Why Bullish?

Acquiring a stake in a tech-focused consultancy like Adastra can enhance CG's strategic capabilities, similar to past successful acquisitions in the tech sector that have boosted valuations and market positions.

How important is it?

The acquisition signals strong investment in growth areas, aligning with market trends towards IT and AI, likely increasing CG's attractiveness to investors.

Why Long Term?

The full benefits of this acquisition will unfold over time as integration and growth synergies are realized, akin to previous Carlyle acquisitions which took several quarters to show significant impact.

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PRAGUE & TORONTO & LONDON & HONG KONG--(BUSINESS WIRE)--Adastra Group SE (“Adastra”), a leading global IT consultancy and services provider specializing in AI, data and cloud transformations today announced that Global investment firm Carlyle (NASDAQ: CG) has agreed to acquire a majority stake in the Group. Completion of the acquisition is subject to standard regulatory approvals in several jurisdictions. Founded in 2000 with headquarters in Prague, Czech Republic and Toronto, Canada, Adastra s.

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