Crowe Ireland is pleased to have assisted in the successful sale of Dublin-based Compass Informatics, which operates the State’s Biodiversity Data Centre, to Aim-listed British company Tracsis.
Compass, which employs 50 staff, was founded in 1997 by Gearóid Ó Riain. It has offices in Blackrock, Co Dublin and South Africa. Compass is a systems development and data analytics company that specialises in combining geographical information systems (GIS), location technologies, data analytics and field computing.
The staff of the Irish business will transfer to the new owner.
Gearoid O’Riain, Managing Director of Compass, commented:
“We are thrilled to have completed this transaction and to be joining forces with Tracsis. Compass has an established position with our domestic Irish market and our highly respected clients, and has aspirations to further grow our presence in the UK market – which provides a far larger market opportunity. Working as part of the Tracsis Group allows us to make this jump and we look forward to the significant growth opportunities that lie ahead.”
Crowe’s dedicated corporate finance team has a wealth of experience advising clients in M&A transactions. If you are considering the sale or purchase of a business we can help you maximise your investment.