Tracsis secures acquisition

Tracsis, which was spun out of the University of Leeds, designs and licences software which covers crew scheduling, crew rostering and performance modelling.

The Leeds-based group has acquired MPEC Technology, which is a developer and supplier of data logging and monitoring technology to the rail industry.

The company confirmed today that it had executed an agreement with Robert Laurence Taylor, the owner and controller of MPEC Technology, to acquire the entire issued share capital.

John McArthur, the chief executive of Tracsis, said: “We are delighted to have completed this latest acquisition, being our fourth in four years since our IPO in 2007. MPEC is an exciting addition to the Tracsis Group being what we believe to be a market leader in its respective field of data logging and remote monitoring equipment for the rail industry.

“We believe the business to be well run with a team of experienced employees and we are delighted to be working with them. We look forward to working together with the MPEC team to grow the MPEC business both in the UK and overseas.”