Microlise Group has completed its second acquisition in a week, this time of transport management systems creator Enterprise Software Systems (ESS).

On 30 November 2023 Microlise announced it had entered into an agreement to buy the Altrincham-based company for £8.5m in cash.

The deal 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.

For the 12 months to 31 August 2023, ESS generated revenues of approximately £5.1m and adjusted EBITDA of £1m, with approximately 75% of the revenue being recurring, based on long-term contracts.

The move comes just days after Microlise snapped up the assets of K-Safe, parent company to road safety products Flare and Flare Aware.

Microlise chief executive Nadeem Raza said: “The acquisition showcases our commitment to strengthening our TMS offering, which we will now be able to provide to businesses of all sizes.

“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.”

The company said it would release a trading update for the year ended 31 December 2023 on Tuesday 30 January.