Microlise Group plc has completed the acquisition of Enterprise Software Systems, its second swoop this week.
On Tuesday the listed Nottingham company revealed that it had acquired Liverpool tech platform Flare out of administration.
Now Microlise, which develops SaaS-based transport technology solutions for fleet operators, has finalised its £8.5 million cash deal for Altrincham-based ESS.
ESS is a creator of transport management systems with more than 30 years of operations behind it.
For the 12 months to 31st August 2023, ESS generated revenues of approximately £5.1m – approximately 75% recurring, based on long-term contracts – and adjusted EBITDA of £1m.
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The acquisition was conditional upon no objections being raised by the UK Competition and Markets Authority, which has now confirmed no further information is required at this stage.
“The acquisition showcases our commitment to strengthening our TMS (transport management system) offering, which we will now be able to provide to businesses of all sizes,” said Nadeem Raza (pictured), CEO of Microlise.
“ESS immediately increases our recurring revenues, enhances our earnings, and will provide numerous upsell and cross-sell opportunities. We look forward to updating the market on progress in this respect and on the integration of ESS into the wider group.”
Established in 1982, Microlise has more than 400 enterprise clients and 463 employees based at the group’s headquarters in Nottingham. With offices in France, Australia and India, it has a total global staff base of more than 670.