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Tracsis
- BY: Andrew Hore |
- POSTED: 03/07/2012 |
Rail resource optimisation software provider Tracsis is settling the deferred consideration for its MOEC acquisition one year early.
MPEC develops data logging and remote monitoring technology for Network Rail. The technology monitors signals and points. Tracsis paid an initial £1m in cash and shares in June 2011 and there is potential deferred consideration of up to £1m depending on performance over the next two years.
The £1m has been paid early because of the strong performance of MPEC.
Tracsis still has more than £6m in the bank.
At 118p a share, up 7.5p, Tracsis is valued at £29.2m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2012_33.pdf
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