Updates

Tracsis - Eps enhancing acquisition of Ontrac

January 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Tracsis has pinned down a meaningful acquisition. It is buying Ontrac, a fellow software and services provider, focusing on process automation and document management, with a heavy weighting towards UK rail work.It has paid £7m up-front (£6m cash and 193,000 shares) plus the £4.6m of Ontrac’s balance sheet cash goes to the selling vendors. In addition there is £8m of deferred consideration. All told, on the basis that all stretch financial targets are achieved, a maximum of up to £19.5m gets paid.Based in Gateshead and London, Ontrac owns several annuity software assets such as the National Hazard Directory (a database of all risks and hazards around the UK rail infrastructure to which Netw ...

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