Motus Traffic is delighted to announce the acquisition of Traffic Signals Co-operative in a move supported by Yorkshire Bank, with Shorts Chartered Accountants acting as lead advisers.
The acquisition will substantially boost their business within the traffic systems supply, installation and maintenance marketplace.
Andy Ryder, corporate finance partner at Shorts Chartered Accountants led on the deal with support from Andrew Grant, Tony Downs and Kate Smith.
Andy said: “It was great to work with the directors and senior managers of Motus Traffic to complete this strategically important acquisition.
“I believe the combined business is now in a great position to capitalise on the opportunities available to it.”
Motus is a Sheffield based company which was founded in 2007.
It manufactures, supplies, installs and maintains traffic signal control technologies.
Traffic Systems Co-operative is a worker co-operative also based in Sheffield, trading since 1982 in traffic signal engineering and servicing maintenance contracts across the North of England and Wales.
The combined business will have an annual turnover of around £8m, and employ approximately 90 staff.
As one of the largest independent chartered accountancy firms in the region, Shorts has a reputation as reliable and forward thinking accountants, taxation and business advisers.
Shorts was founded in 1890, and while heritage is important, it has a progressive and modern approach to tax which is attractive to many of today’s successful business owners and individuals.
Over the past 18 months, Shorts has experienced continued growth and responded with high calibre recruitment within both the private client and corporate finance teams.
Their tax team now boasts 11 chartered tax advisers providing a high quality and proactive service, covering all financial aspect of an individual’s circumstances.