Advent to acquire Australia's Automic Group

Advent to acquire Australia's Automic Group

Advent International has announced the acquisition of Automic Group, a leading provider of IT automation software, in a move that aims to bolster its portfolio and expand its reach into the IT automation market. The transaction, valued at approximately $2.3 billion, marks one of the largest acquisitions in Advent's history and underscores the growing importance of IT automation in the digital transformation era.

The acquisition of Automic Group aligns with Advent's strategy to invest in high-growth markets and strategic technologies. Automic Group's portfolio includes a range of products that enable businesses to automate and optimize IT operations, including application release management, continuous delivery, and IT service management. This acquisition will enable Advent to offer a more comprehensive suite of IT automation solutions to its clients.

Automic Group's strong market position and innovative technology will complement Advent's existing portfolio, which includes investments in various sectors such as healthcare, technology, and consumer goods. The acquisition is expected to create synergies and drive growth for both companies.

The transaction is subject to regulatory approvals and is anticipated to close in the fourth quarter of 2025. Advent International is a global private equity firm that invests in growth-oriented companies across various industries. The firm's portfolio includes investments in companies such as L'Oréal, The Body Shop, and LVMH.

Advent's acquisition of Automic Group highlights the increasing demand for IT automation solutions as businesses seek to improve operational efficiency and reduce costs. The acquisition is expected to strengthen Advent's position in the IT automation market and provide significant growth opportunities for both companies.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3UP0Q2:0-mergers-and-acquisitions/