Shares in Tracsis surged nearly 8% on Monday after the UK transport technology group confirmed the acquisition of Mistral Data Limited and reported financials in line with expectations.
The Leeds-based company said it would acquire Mistral Data, a cloud-based railway software provider previously owned by FirstGroup, for £48 million, financed through existing cash and its revolving credit facility. The deal expands Tracsis’s footprint to 22 of the UK’s 24 rail operators and adds a high-margin subscription SaaS platform, expected to increase recurring revenue and group margins.
Tracsis also reported adjusted EBITDA of approximately £13.5 million for the fiscal year ended July 31, 2026, up from £12.6 million a year earlier and in line with analyst forecasts. Total revenue is projected at about £85.5 million, a 4.4% increase from the prior year.
The company also confirmed the early-August sale of its Transport Planning business to Events for £7.25 million, part of a strategic shift toward a leaner, software-focused model. The disposal follows a broader trend among domestic-focused British software firms on the AIM index, which have shown resilience amid global macroeconomic headwinds, including geopolitical tensions and elevated oil prices.
Tracsis’s shares, which have traded between a 52-week low of 280p and high of 435p, extended gains during the session, reflecting investor confidence in the group’s revised strategy and the integration of Mistral Data’s cloud-based offerings.
