North West based CLB Coopers and Weightmans LLP has advised on the sale of the entire issued share capital of Datasys Integration Limited to Leeds based firm Tracsis PLC.

Manchester based Datasys Limited provide rail management software systems, business applications and hosting services for the majority of the UK's transport operating companies such as First Group, Virgin, National Express, Stagecoach and Arriva. Tracsis PLC solves a wide variety of data capture, reporting and resource optimisation problems through technology led services. The complimentary offerings of the new partnership aims to provide opportunities for further growth in the years ahead.

Datasys employs 17 staff, all of whom will remain with the business post transaction with the exception of the departing shareholder directors who are not involved with the day-to-day operations.

The proposed consdieration comprises an initial cash payment of £4.15m and the issue of shares in Tracsis PLC giving a total consdieration of £4.525m.

Dave Travis and the team at CLB Coopers acted for the Vendors, commented: “Having worked with the shareholders for several years positioning the business, this is an excellent juncture for the Company to become part of Tracsis PLC to capitalise further on market opportunities".

Paul Raftery and the team at Weightmans LLP provided legal advice to the Vendors said: "It was a pleasure to act for Andrew and his team and to see their plans bought to fruition".

Andrew Ashworth a vendor shareholder of Datasys said "We have worked with CLB Coopers to design and execute a strategy.  This certainly could not have been achieved without them. In over five years working with their team at all levels I believe they are uniquely set up to deliver real results.  Weightmans advice and guidance through the process demonstrated the importance of having a the right firm with the breadth of experience."