Green light for purchasing rival

0
Have your say

A Sheffield traffic signals company has snapped up a company which services and maintains them.

Motus Traffic has bought Traffic Systems Co-Operative, also based in Sheffield.

The combined business will have an annual turnover of around £8m, and employ approximately 90 staff.

Jim Booth, Motus managing director, said: “The acquisition brings together two of the strongest players in the traffic signal technology market and will provide huge levels of expertise that will benefit both long standing and new customers alike.”

Motus manufactures, installs and maintains traffic signal controls. Traffic Systems Co-Operative is a worker co-operative trading since 1982 in traffic signal engineering and maintenance contracts across the North of England and Wales.

Andy Ryder, corporate finance partner at Shorts Accountants led on the deal with support from Andrew Grant, Tony Downs and Kate Smith. Kiley Tan of Wosskow Brown acted for Motus and Duncan Shepherd of Wake Smith acted for Yorkshire Bank.