Tracsis plc (AIM:TRCS) acquired Flash Forward Consulting Limited for £2.6 million on March 1, 2021. As per the terms, £1.5 million plus a further cash payment of £1 million reflecting the net current asset position of the business and 16,199 new ordinary shares in Tracsis plc to a value of £0.1 million. The cash consideration will be funded out of Tracsis' existing reserves and paid over a three year period. As of March 31, 2020, Flash Forward Consulting Limited has revenue of £2.1 million, normalized profit before tax of £0.4 million, and net assets of £1.1 million. Flash Forward Consulting Limited will join the new business unit called Tracsis Transport Consultancy which will be led by Alex Warner (Flash Forward Consulting Limited founder and CEO) as Managing Director. Christopher Raggett, Charlie Beeson and Andrew Burdis of FinnCap Ltd acted as financial advisors to Tracsis plc. Tracsis plc (AIM:TRCS) completed the acquisition of Flash Forward Consulting Limited on March 1, 2021.