Brady, the AIM-listed energy, metals and soft commodities trading software provider, is in buoyant mood following its recent splash of £18.3m on acquisitions of Norwegian Navita Systems and Swiss Syseca (see here). Brady claims to have had ‘very positive’ feedback from customers since the deals closed, and they are now operating as part of Brady’s existing energy business under a single management team. So the integration appears to be going well.
Brady is really bucking the wider economic malaise and making the most of this to consolidate its place in the market (see Acquisitions supercharge Brady). Indeed while Europe remains troubled by recession, the US is showing signs of recovery, with two new ‘significant licence deals’ won since the end of the year. Nonetheless, for some time yet, most of Brady’s growth is going to come from the recent M&A.