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Tracsis completes £48m purchase of Mistral Data from FirstGroup

FirstGroup logoFirstGroup
Sig2.80Sen+2.00Env0.00Soc0.00Gov0.00
Tracsis logoTracsis
Sig3.25Sen+4.15Env0.00Soc+0.25Gov+0.80

Tracsis has completed its £48m purchase of rail software provider Mistral Data from FirstGroup. Mistral Data, founded in 2010, supplies complementary software used to communicate with passengers, manage demand and revenue, run operations and monitor rolling stock. Tracsis funded the deal with existing cash and £38.7m drawn on its £40m revolving credit facility, and expects FY2026 revenue of about £85.5m and adjusted EBITDA near £13.5m.

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