Adapt IT acquired by Volaris, delists from JSE

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Adapt IT Holdings has been acquired by Volaris Group for R7 per Adapt IT share effective 3 January 2022. Volaris is a wholly-owned subsidiary of Constellation Software Inc, a Canadian listed entity.

All conditions and regulatory approvals have now been met, including approval from various competition authorities, the Takeover Regulation Panel as well as the JSE. The deal was also conditional on Volaris acquiring more than 50% of Adapt IT shares.

Headquartered in Toronto, Volaris Group is an international provider of vertical market software and services in several industries. Volaris acquires and grows software businesses that develop specialised software solutions.

 

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