Global investment firm Carlyle has agreed to acquire a majority stake in Adastra Group, a data, cloud, and AI services provider. While the value of the deal has not been disclosed, reports suggest the transaction is worth over $400m, including debt.
The deal will see Carlyle partner with Adastra’s founders to scale the Prague- and Toronto-headquartered business, which has grown into a global IT consultancy with over 2,000 employees and deep sector expertise in financial services, insurance, automotive, telecom, and more.
Founded in 2000, Adastra specialises in delivering end-to-end data transformation services — from strategy definition to implementation — across cloud and AI infrastructure. With operations spanning Europe, North America, and Asia, the company serves enterprise clients through several regional and global delivery centres.
The deal is being funded by Carlyle Europe Technology Partners V (CETP), which targets high-growth European technology businesses, and Carlyle Asia Partners Growth II (CAPG), focused on scaling companies across Asia. Carlyle said the investment aligns with its strategy of backing differentiated IT services providers and will support Adastra’s continued global expansion through organic growth and targeted M&A.
Rob Turner, CEO at Adastra, and COO Pavel Kysela have welcomed the deal as a “transformative step” for the company.
