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Tracsis acquired Bellvedi for £12.5m.

Synopsis

Tracsis, a leading provider of software and services for the rail, traffic data and wider transport industries, acquired Bellvedi, a UK based software company that operates within the rail industry and specialises in timetabling optimisation software, for £12.5m. John McArthur, Chief Executive Officer of Tracsis plc, commented: "Tracsis has known the Bellvedi team for a number of years and has worked with them closely on a number of key projects. Bellvedi has a great product and complimentary customer base and their expertise in timetable planning and optimisation is second to none. The ATTUne software fulfils a critical element of our TRACS Enterprise suite and coming together with Bellvedi allows us to create a more seamless product whilst also accelerating our industry roll out. We welcome the Bellvedi team to Tracsis, and look forward to continued successes in the future."

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