15th May 2014 10:05
LONDON (Alliance News) - Tracsis PLC said Thursday its subsidiary, Sky High Technology Limited, has been selected to deliver a piece of traffic data collection work for an unnamed UK transport agency.
Tracsis, which acquired the firm in 2013, said Sky High has already commenced the work programme, which is set to run under a two-year contract worth more than GBP1 million.
The contract was secured through a global engineering consultancy for a UK transport agency and has the potential to be extended for a further two years.
In its first-half results in February the firm said integration of Sky High, a Yorkshire-based service provider for the transport industry, was progressing well and had already made a significant contribution to the group's overall trading performance, with integration expected to be completed by the end of the financial year.
Shares in the software and technology products provider were trading 1.35% higher at 300.00 pence per share Thursday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
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