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TracsisAnnouncement

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RNS Number : 1204Z  Tracsis PLC  02 April 2026

 

2 April 2026

 

Tracsis plc

("Tracsis" or the "Group")

 

Acquisition of German Digital Ticketing Technology Provider

 

International bolt-on acquisition in core focus area

 

Tracsis (LSE: TRCS), a leading transport technology provider, is pleased to
announce that it has acquired Vesputi GmbH ("Vesputi"), a German digital
ticketing technology provider (the "Acquisition").

 

Highlights

 ·             Bolt-on acquisition that expands Tracsis' digital ticketing capability and
               establishes a small operational foothold in the German public transport market

 ·             Consistent with the Group's growth transformation strategy focused on growing
               recurring software licence and consumer-driven transactional revenues while
               continuing to diversify internationally

 ·             Gross initial consideration of €5.8m (c.£5.1m) includes net cash of €0.8m
               (c.£0.7m), funded from Tracsis' existing cash resources, with additional
               consideration of up to €2.4m (c.£2.1m)

 ·             Vesputi will be integrated into the Group's Rail Technology & Services
               Division alongside Tracsis' existing digital ticketing capabilities

 ·             Immediately earnings enhancing

Vesputi and the Mobilitybox platform

 

Vesputi provides a digital ticketing platform, Mobilitybox, launched in 2022,
which connects public transport operators with consumers via third-party apps
and websites. Vesputi generates revenue primarily through transaction revenues
linked to the volume of tickets processed. The business employs six full-time
staff, all of whom will remain with Vesputi following completion of the
Acquisition.

 

Acquisition rationale

 

Tracsis has established digital ticketing capabilities in the UK rail market.
Mobilitybox is strategically adjacent to this activity, providing a proven,
scalable platform and domain expertise to support the further deployment of
digital ticketing across Germany. Vesputi will be integrated within the Rail
Technology & Services Division alongside the Group's existing digital
ticketing capabilities, under existing divisional leadership and operating
structures.

 

Consideration

 

Gross initial consideration of €5.8m (c.£5.1m) includes net cash of €0.8m
(c.£0.7m), funded from Tracsis' existing cash resources.

 

Additional contingent consideration of up to €2.4m (c.£2.1m) is payable
subject to certain performance criteria for the period to 31 December 2027. A
maximum of €0.5m (c.£0.4m) of this additional consideration will be settled
in newly issued Tracsis shares ("Share Consideration"), with the balance
payable in cash. Any Share Consideration will be issued at a price of 307p per
share being the 30-day volume weighted average share price for the period to
30 March 2026.

 

The consideration structure, including a meaningful performance-linked
element, reflects the Board's disciplined approach to capital allocation and
ensures that investment remains aligned with delivery over the medium term.

 

David Frost, CEO of Tracsis, commented:

"This is a quality bolt-on acquisition in a core strategic focus area for
Tracsis. Ticketing is being digitised to enable simpler, more flexible
journeys, and the value is increasingly created in the software that makes
distribution easy for operators and effortless for passengers. Mobilitybox
sits right in that flow and Vesputi has built a platform with real momentum in
the German market, with a model where adoption and usage translate directly
into long-term value.

For Tracsis, this is a measured step into a large European market through a
commercial model we understand well from our UK experience. We like the
combination of a scalable product, a lean high-quality team and a clear path
to further growth."

Linus Frank, Managing Director of Vesputi, said:

 

"The Vesputi team is excited about joining Tracsis. It was clear from our
first meetings that both businesses share an ambition to play a leading role
in powering the increased adoption of digital ticketing in public
transportation, and we believe the combination of Vesputi's platform and
domain knowledge with Tracsis' brand and scale can help us to achieve this
ambition."

 

 Enquiries:
 Tracsis plc

 David Frost, CEO                                                         +44 (0)845 125 9162

 Andy Kelly, CFO

 Berenberg (Nominated Adviser, Corporate Broker & Financial Adviser)      +44 (0)20 3207 7800

 Miles Cox / Edward Lowe / Caoimhe Williams (M&A)

 Mark Whitmore / Richard Andrews / Ryan Mahnke

 James Thompson (QE)

 Alma Strategic Communications                                            +44 (0)20 3405 0205
 David Ison / Rebecca Sanders-Hewett / Joe Pederzolli / Will Merison

                                                                          tracsis@almastrategic.com (mailto:tracsis@almastrategic.com)

 

Notes to editors:

 

 ·             Tracsis plc is a technology company and a leading provider of software and
               hardware products, data capture and data analytics/GIS services for the rail,
               traffic data and wider transport industries.

 ·             Tracsis' products and services are widely used to increase efficiency, reduce
               cost and risk, improve operational and asset performance, improve safety
               management and decision-making capabilities and improve the overall end-user
               experience for clients and customers

 ·             The Group is split into two principal operating areas built around detailed
               industry knowledge and expertise:

               -                                         Rail Technology & Services:  A software, technology and product-led
                                                         business. It develops and supplies software that solves complex resource,
                                                         asset optimisation and control problems for Train Operators, and smart
                                                         ticketing, delay repay and other retail software to improve the customer
                                                         experience for rail users. It also develops remote condition monitoring
                                                         hardware, data acquisition software, and safety and risk management software
                                                         for rail infrastructure providers.

               -                                         Data, Analytics, Consultancy & Events: A largely services-led business
                                                         that focuses on data capture, data analytics, GIS, earth observation, data
                                                         insights, consultancy and event traffic management within a range of transport
                                                         and pedestrian-rich environments. The business provides technology and
                                                         bespoke products and data that underpin large-scale intelligent transport
                                                         systems, smart city planning and positive environmental decision-making.

 ·             Tracsis has a blue-chip client base which includes all major UK transport
               owning groups, Network Rail, Passenger and Freight Train Operating Companies,
               the Department for Transport, TfL, multiple local authorities, major outdoor
               music and sporting event organisers, and a wide variety of large engineering
               and infrastructure companies. In North America our clients include Class 1
               rail freight companies, transit operators, shortline railroads and several
               large rail-served ports and industrials.

 ·             The business drives growth both organically and through acquisition and has
               made eighteen acquisitions since 2008.

 

 

For more information on Tracsis please visit http://www.tracsis.com
(http://www.tracsis.com)

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