Tracsis plc (AIM:TRCS) acquired Cash & Traffic Management Limited for £2.7 million on January 17, 2019. The acquisition consideration comprises an initial cash payment of £1.3 million which will be funded out of Tracsis cash reserves and the issue of 26,334 new ordinary shares in Tracsis, along with an additional payment of circa £0.45 million to reflect the net current asset position of the business. Additional contingent consideration of up to £0.75 million is payable subject to CTM achieving certain stretch financial targets in the two years post acquisition. In the year ended February 28, 2018, CTM generated revenue of £5.5 million, normalised profit before tax of £0.35 million, and had net assets of £0.8 million. All 20 employees will be retained. Christopher Raggett and Scott Mathieson of finnCap Ltd acted as financial advisor to Tracsis plc. Tracsis plc (AIM:TRCS) completed the acquisition of Cash & Traffic Management Limited on January 17, 2019.