Gavin Lavelle, chief executive of Brady.

Trading, risk management and settlement solutions provider Brady in Cambridge has acquired Swiss firm syseca, which provides logistics software for electricity markets.

And it has announced its intended acquisition of Norwegian company Navita Systems – a provider of software and services to the global energy and commodity trading community.

Brady, based at the Cambridge Science Park, has had a commercial partnership with syseca in recent years.

“It provides both product and people skills in the German-speaking markets and uses the latest technology which is highly complementary to our energy solutions,” said Brady chief executive Gavin Lavelle.

“This acquisition further strengthens our product offering by adding to our existing financial and risk management capabilities, providing new growth opportunities.”

The Navita deal is expected to complete in early March. “The extended solution set which the combined company will bring to the market offers best-of-breed solutions, enabling customers to benefit from a one-stop shop for both their physical and derivatives trading and risk management solutions,” said Mr Lavelle.

“As a result of the acquisition we will also now have a greater presence in targeted international markets where we see significant opportunities for further growth. This will result in our being able to offer a greater service to our enlarged customer base.”