A Manchester firm that specialises in software for the transport industry has been acquired by listed Leeds group Tracsis in a cash and shares deal worth US$7.5 million.
Datasys, which employs 17 staff, provides rail management software systems, business applications and hosting services for the majority of the UK's train operating companies, such as6635 First Group, Go-Ahead, 805 Stagecoach, 1002 National Express, 476 Arriva, and Virgin.
Tracsis believes that the products, services and development capabilities of Datasys are highly complementary to those of Tracsis and the acquisition provides opportunities for further growth in the years ahead.
John McArthur, chief executive officer, commented: " Datasys is a well-established player within the UK rail market with a strong product suite, an excellent customer base and a great team.
There is a strong overlap between Datasys and Tracsis and both companies are respected providers of high value technology solutions within the transport industry. This partnership will strengthen our overall market position and bring benefit to our customer base. We welcome the Datasys team into the enlarged Tracsis Group and look forward to working with them in the future."
Datasys, which employs 17 staff, provides rail management software systems, business applications and hosting services for the majority of the UK's train operating companies, such as
Tracsis believes that the products, services and development capabilities of Datasys are highly complementary to those of Tracsis and the acquisition provides opportunities for further growth in the years ahead.
John McArthur, chief executive officer, commented: " Datasys is a well-established player within the UK rail market with a strong product suite, an excellent customer base and a great team.
There is a strong overlap between Datasys and Tracsis and both companies are respected providers of high value technology solutions within the transport industry. This partnership will strengthen our overall market position and bring benefit to our customer base. We welcome the Datasys team into the enlarged Tracsis Group and look forward to working with them in the future."
