TRACSIS PLC (LON:TRCS)

Technology

Tracsis plc is a UK-based technology company that offers software and hardware products, as well as consultancy services to the rail industry. In addition to the rail industry, it also supports the wider transport industry by offering management services, event transport planning, data capture, and analytics. It was founded in the year 2004, and its headquarters are situated in Leeds. Since 2008, the company is listed and traded on the London Stock Exchange publicly and is a part of the FTSE AIM All-Share index. It complies with the UK City Code on Takeovers and Mergers. It operates across the UK and Ireland and employs a workforce of around 450 skilled professionals. Tracsis plc has many subsidiaries, which include OnTrac Ltd., Cash & Traffic Management Limited, SEP Events Limited, Delay Repay Sniper Limited, Safety Information Systems Limited, Travel Compensation Services Ltd etc.

The goal of the company is to offer solutions for the problems faced by the transportation sector, such as resource, planning, and risk management. It develops a variety of solutions to enhance the customer experience, like automated delay repay and smart ticketing. The products offered by the company are utilised to increase the operational efficiency, reduce the operational cost, minimise the cost of maintenance, enhance the asset performance, improve the use of data for better decision-making capabilities etc. Its investment objective is to create a high-quality portfolio which helps in the maximisation of long-term returns for all its shareholders. The growth strategy of the business focuses on both investment in technology as well as expansion through acquisitions.

The main drivers of its business growth are rapid urbanisation, bid data/connectivity, and enhanced performance. The rail technologies and services segment offers bespoke IT solutions and softwares, safety and risk management softwares, data acquisition and remote condition monitoring hardware, and transit solutions like automated delay repay. Its major clients include Rail Delivery Group, Siemens, Department for Transport, Abellio etc. While the data, analytics, consultancy, and events segment offers data capture and analysis via video, ANPR, and machine learning. It also carries out passenger surveys and analysis, maintains data and location analytics, and handles planning & management of event transport. Its major clients include Transport for London, Transport Scotland, Department for Transport, Jacobs etc.

Tracsis plc follows a well-defined framework of corporate governance and aligns itself with the Quoted Companies Alliance (QCA) Corporate Governance Code. The board of the company has set up separate committees for audit, remuneration, and nomination. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It complies with international best practices and guidelines to create a sustainable business. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community.

Contact Information

company address Tracsis PLC Nexus, Discovery Way, Leeds, LS2 3AA, United Kingdom GBR

company phone+44 845 125 9162

company websitehttps://tracsis.com/

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