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Tracsis Sells Events Transport Planning, Management Business to Connection Capital

MT Newswires·08/03/2026 05:11:44
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05:11 AM EDT, 08/03/2026 (MT Newswires) -- Tracsis (TRCS.L) divested its events transport planning and management business to London-based private capital investment firm Connection Capital for an enterprise value of 7.3 million pounds sterling. The sale allows the transport technology provider to sharpen its focus on transportation-focused scalable application software products, according to a Monday filing. Tracsis intends to use the net cash proceeds to cut its debt.