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4 March 2021 | Comment | Article by Greg Williams

Hugh James advises on acquisition of Flash Forward Consultancy by transport analytics group Tracsis PLC

Hugh James, has advised on the acquisition of the transport consultancy business Flash Forward Consulting Limited by transport analytics group Tracsis PLC.

Tracsis is a leading provider of software, hardware, data analytics/GIS and services for the rail, traffic data and wider transport industries, headquartered in Leeds. London-based Flash Forward Consulting was established in 2012 and operated predominantly across the rail and bus sectors.

As part of the acquisition, a new business unit called Tracsis Transport Consultancy will be created, comprising Tracsis’ existing Rail Consulting and Passenger Analytics businesses with Flash Forward Consulting. The new Tracsis branding will now apply to all units.

The consolidated business will deliver an expanded consultancy offering to customers across the transport sector on and will offer products and consultancy services that cover all areas of the Tracsis Group, both in the UK and overseas.

Lawyers in the Hugh James Corporate and Commercial team, led by Partner, Greg Williams, supported Alex Warner, owner of Flash Forward Consulting on the multi-million deal, providing advice on the sale of Flash Forward Consulting and the continued ownership in the enlarged Tracsis Transport Consultancy business unit.

Speaking of the deal, Alex Warner, CEO of Flash Forward Consulting, now Managing Director of Tracsis Transport Consultancy, said today:

“Greg Williams and his team at Hugh James oversaw the transaction of Flash Forward Consulting to Tracsis plc and did so in an efficient, flexible, responsive and customer-focused manner. They were a pleasure to deal with and ensured the process was as simple and straightforward as possible, explaining things with clarity in a timely, necessary, and informative manner. I would certainly use Hugh James again in the future”

Hugh James Corporate and Commercial Partner, Greg Williams, added:

“It was an absolute pleasure to be a part of this deal which brings together the skills and products of two dynamic businesses in the transport sector. I hope the future is bright for everyone involved and that the Tracsis Group will help to support and bolster the public transport industry at such a challenging time.”

More information on the deal can be found in articles in the Yorkshire Post and Business Insider.

Author bio

Greg is a partner within the corporate and commercial team. He has a wealth of experience advising on a wide range of corporate transactions with a focus on domestic and international M&A, advising investor and investee companies on private equity investments, particularly in the life science sector. Greg’s clients include Development Bank of Wales, Creo Medical and FP Hurley. He has acted as the lead on a number of standout corporate transactions including Voltcom on its reorganisation and multimillion pound investment by Beechbrook Capital and sale of Amber Engineering of Biffa Plc.

Greg also leads the dedicated healthcare team. He is highly regarded within this sector as has a wealth of experience acting for the healthcare and the life sciences businesses.

Disclaimer: The information on the Hugh James website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. If you would like to ensure the commentary reflects current legislation, case law or best practice, please contact the blog author.

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