Sqills to join Siemens Mobility
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.
Joining Siemens Mobility’s growing business and software portfolio for intermodal and connected travel is a tremendous opportunity that allows Sqills to advance its plans to expand beyond Europe into Asia Pacific and the Americas as well as its ongoing investment in team, product and existing long term operator partnerships. Together with a strong and trusted international partner like Siemens Mobility, we'll be even better equipped to drive the mobility software business and optimisation of rail and bus travel on a global scale with local representation.
To significantly increase passengers on the rails and reach climate targets by 2030, we need to provide passengers with a more optimised process that allows them to seamlessly identify and utilise 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.
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.
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.