Volaris Group Completes Acquisition of Adapt IT

January 4, 2022

Volaris Group has completed the acquisition of a 63.87% stake in South African software company Adapt IT at R7.00 per share, and Adapt IT will cease trading on the JSE. Adapt IT will operate as an independent business unit under CEO Tiffany Dunsdon; Volaris plans to support the company's growth across Africa and internationally while backing its transformation and employee-focused initiatives.

Buyers
Volaris Group
Targets
Adapt IT
Sellers
Adapt IT shareholders
Industry
Software
Location
Gauteng, South Africa
Transaction Type
Buyout

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