Tracsis Regulatory News (TRCS)

Tracsis plc

("Tracsis" or the "Company")

Directorate change

Tracsis plc, a leading provider of software and technology led products and services for the transportation industry, is pleased to announce the appointment of Christopher Cole as Non-Executive Chairman with immediate effect.

Christopher Cole, 67, is the Non-Executive Chairman and founder of WSP Group Plc ('WSP'), a leading global engineering and environmental consultancy. Chris held the post of Chief Executive Officer at WSP between 1987 and 2012, and in that time grew the Company both organically and by acquisition to become a market leader employing over 10,000 people across 40 countries. Most recently, Chris led the merger of WSP with Genivar Inc and has become the Chairman of the enlarged entity, now named WSP Global Inc. WSP Global now trades on the Toronto Stock Exchange under the ticker WSP with turnover in excess of CAD $2bn.

Chris is also Non-Executive Chairman of Ashtead Group Plc (FTSE 100) and Senior Independent Non-Executive Director of Infinis Energy Plc (FTSE 250). He is a Chartered Engineer and Chairman of the Association of Consulting Engineers. Under the terms of his appointment, Chris will not take participate in any share options or stock in Tracsis.

Chris is director or partner of each of the companies set out in Appendix 1 to this announcement; and within the last 5 years has also been a director or partner of the companies set out in Appendix 2 to this announcement.

John McArthur, Chief Executive Officer, commented:

"We are absolutely delighted to have Chris join Tracsis as Non-Executive Chairman. Chris has a wealth of experience in growing and building successful businesses and we look forward to his counsel and support as we look to expand both domestically and internationally.

As the founder of a major engineering Group, Chris has direct experience of the transportation industry and is well versed in both M&A and international business which are key elements of our growth strategy. On behalf of the Board and the rest of our team, I welcome Chris and wish him every success with Tracsis."

Chris Cole, Non-Executive Chairman, commented:

"I am very pleased to be joining Tracsis to provide my experience and support in developing the business and achieving management's ambitions for growth in the exciting sectors in which it works."

For more information please contact:

Appendix 1 - Current Directorships

Appendix 2 - Previous Directorships

WSP Future Energy Limited

WSP Europe Limited

WSP Finance One Limited

WSP Finance Two Limited

WSP US Holdings Limited

Notes to editors: 

§ The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.

§ Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers.

§ The Company offers the following services:

- Software and technology led consulting: Industry strength resource optimisation software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon.

- Remote Condition Monitoring: Technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

- Data Capture: Collation and analytical services within traffic and pedestrian rich environments.

§ Tracsis has a blue chip client base which includes the majority of UK transport operators such as Arriva, First, Stagecoach, Go-Ahead, National Express and Virgin. The business also works extensively with Network Rail, the Department of Transport, multiple local authorities, and a variety of large engineering/infrastructure companies.

§ Tracsis has offices in the UK and Australia which service projects in Europe and Australasia.

§ The business drives growth both organically and through acquisition and has made five acquisitions since 2008.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

§ For more information visit http://www.tracsis.com