Tracsis has made a recommended cash offer of 15.25p per share for the entire issued share capital of Sky High plc, valuing the company at approximately £3.28 million, which reflects a significant premium over prior market prices.
Information on the Target
Sky High plc is a prominent provider of traffic analysis and surveying services in the UK market. Established with a strong reputation, the company has developed robust systems that cater to the data and analysis needs of a diverse clientele, establishing itself as a leader in the transportation industry.
The firm not only serves the UK but also has significant operations in Australia, contributing to its stature and technical capabilities. This versatility allows Sky High to engage in various transportation sectors, improving its market reach and operational effectiveness.
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Industry Overview in the UK
The UK transportation industry has seen an increase in demand for specialized traffic analysis and surveying services. As cities continue to grow
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Tracsis plc
invested in
Sky High plc
in 2013
in a Public-to-Private (P2P) deal
Disclosed details
Transaction Size: $4M
Enterprise Value: $4M
Equity Value: $4M