Acquisition

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 Andy Kelly, CFO	[phone]
Berenberg (Nominated Adviser, Corporate Broker & Financial Adviser) Miles Cox / Edward Lowe / Caoimhe Williams (M&A) Mark Whitmore / Richard Andrews / Ryan Mahnke James Thompson (QE)	[phone]
Alma Strategic Communications David Ison / Rebecca Sanders-Hewett / Joe Pederzolli / Will Merison	[phone] [e-mail]

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

 

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