RailComm offers mission-critical automation and control solutions for rail passenger/freight operators. Credit: Johnnys_pic from Pixabay.

Transport solutions provider Tracsis has bought US-based rail technology software and services provider RailComm in a deal worth up to $14.2m (£10.9m).

The consideration includes an initial cash payment of $11.5m (£8.8m) and a deferred amount of up to $2.7m (£2.1m) based on the fulfilment of certain financial targets in the first full year after the takeover.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

RailComm, based in Fairport of New York, delivers mission-critical automation and control solutions for rail passenger/freight operators and rail-served ports/industrials.

These solutions are designed to help decrease expenses while enhancing operational efficiency and safety.

Serving a wide range of customers across North America, RailComm offers two core products – rail yard automation and computer-aided dispatching.

RailComm’s full-time workforce of around 30 will be retained.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The acquisition is part of Tracsis’ strategy to reach addressable markets for its offerings, as well as expand its rail software footprint.

“In addition to the significant growth opportunities that exist within RailComm’s core rail markets, we now have direct access to a long-established sales network into a significant number of rail clients in the North America market,” Tracsis noted.

Tracsis CEO Chris Barnes said: “This is an important strategic acquisition for Tracsis plc, providing a platform onto which we can start to internationally expand the Tracsis Group and its rail product portfolio via direct access to the significant and growing North American rail technology market.”

In July last year, Tracsis won a multi-year contract to deliver its RailHub software product suite to an undisclosed customer in the UK.