Sqills is pleased to announce it has signed a binding agreement to be acquired by Siemens Mobility, a separately managed company of Siemens AG. Siemens has been a leader in transport solutions for more than 160 years.
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 utilisation of public transportation
The partnership will be structured to ensure that the best-in-class aspects of Sqills’ approach are combined with the vast expertise, resources, and worldwide presence of Siemens Mobility
This will accelerate Sqills’ plans to develop its worldwide leading S3 Passenger platform and grow its presence beyond Europe
Siemens Mobility is looking to expand its software portfolio of digital intermodal and connected mobility solutions. As such, Sqills will now become part of Siemens’ worldwide organisation and portfolio of digital solutions that includes Hacon, eos.uptrade, Bytemark and Padam Mobility.
The partnership with Siemens Mobility will allow Sqills to accelerate the development of the S3 Passenger platform and its ambitions to be the world’s leading provider of inventory management, reservation and ticketing systems.
About Siemens Mobility
Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2020, which ended on September 30, 2020, Siemens Mobility posted revenue of €9.1 billion and had around 38,500 employees worldwide. Further information is available at: www.siemens.com/mobility.