Global investment firm The Carlyle Group agreed to acquire the Acrotec Group, an independent supplier of high precision industrial applications to the watchmaking and MedTech industries, from private equity firm Castik Capital. Financial terms were not disclosed. "In Carlyle, I am delighted that we have found a partner that understands and appreciates the core values of the Group. This partnership, which represents an important milestone in Acrotec’s history, will significantly accelerate our growth and diversification plan while remaining loyal to our core business in high precision applications. Castik has been a valuable partner over the past four years, supporting the business to consolidate its leading position in mechanical watch making, and overseeing a key phase of its development, while respecting the values of the Group," François Billig, Acrotec Group Founder and CEO.