Press release
93KB
agosto 06, 2021 - Siemens
Siemens Mobility acquires Sqills, a leading rail software provider
Comunicato Stampa disponibile solo in lingua originale.
- Siemens #mobility acquires Sqills, a leading #software as a Service (SaaS) provider for inventory management, reservation, and ticketing software
- Acquisition advances Siemens’ strategy to increase the availability, capacity, and utilization of public transportation
- Sqills complements the #siemens #mobility #software portfolio to enable customers’ MaaS (Mobility as a Service) offerings
- Strong fit with Siemens’ growth strategy for digital and #software offerings
- Acquisition supports Siemens’ ambition to enter and expand in high growth adjacent markets and fulfills our acquisition criteria
Siemens #mobility has signed a binding agreement to acquire the Netherlands based company Sqills, a leading provider in the provision of cloud-based inventory management, reservation, and ticketing #software to public transport operators around the world. Sqills has developed “S3 Passenger” as an outstanding and scalable platform that enables rail and bus operators to replace their legacy reservation systems with a state-of-the-art, online booking system that increases the utilization and availability of passenger transportation. This technology adds an important digital solution to #siemens Mobility’s #software portfolio and bolsters its ability to provide the products and services that helps increase the overall usage and convenience of public transportation. The agreed purchase price is 550 million Euros plus an earn out.
“The acquisition of Sqills is a perfect example of how #siemens combines the real and digital worlds to empower its customers in their transformation. At the same time, Sqills supports our own growth path for digital services and is a great example of applying our capital allocation criteria through targeted acquisitions. It also fits perfectly to our recently announced focus on generating recurring revenue through resilient business models such as #software as a Service,” said Roland Busch, President and Chief Executive Officer of #siemens AG.
“To significantly increase passengers on the rails and reach climate targets by 2030, we need to provide passengers with a more optimized process that allows them to seamlessly identify and utilize all offered train services. The acquisition of Sqills and its easy to implement SaaS inventory, reservation and ticketing platform gives us the ability to achieve exactly that. Furthermore, combining the Sqills booking platform and the Hacon solutions provide a comprehensive offering for operators to manage their key travel processes, including trip searching and yield management,” said Michael Peter, CEO of #siemens #mobility.
Further information in the press release to download
IM2021070594MO
4320x2489, 3MB
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