Transport technology group Tracsis has moved into the German public transport market with the acquisition of Vesputi GmbH, a digital ticketing technology provider based in Germany.
The deal centres on Mobilitybox, Vesputi’s ticketing platform launched in 2022, which connects public transport operators with consumers via third-party apps and websites.
The business generates revenue through transaction fees tied to ticket volume, a model that aligns neatly with Tracsis’ existing push to grow recurring and consumer-driven revenue.
Tracsis is paying gross initial consideration of €5.8m, funded from existing cash. A further €2.4m is contingent on performance targets through to the end of 2027, with up to €0.5m of that settled in newly issued shares.
The acquisition is described as immediately earnings-enhancing. Vesputi’s six-strong team will stay on following completion.
Strategically, the deal gives Tracsis its first operational foothold in Germany while bolstering its digital ticketing credentials beyond the UK rail market.
Vesputi will sit within the Group’s Rail Technology & Services Division, slotting in alongside its existing ticketing capabilities without requiring a new management layer.
“This is a quality bolt-on acquisition in a core strategic focus area for Tracsis,” said David Frost, CEO of Tracsis.
“Ticketing is being digitised to enable simpler, more flexible journeys, and the value is increasingly created in the software that makes distribution easy for operators and effortless for passengers.”