Siemens Mobility has completed the Sqills acquisition, which will allow Siemens to provide transport operators comprehensive Software as a Service (SaaS) solutions that enhance travel processes including the booking system, reservation, inventory, trip searching, as well as ticketing management.
“We are delighted to have finalised this acquisition and I am happy to officially welcome Sqills to the Siemens family. The SaaS solution helps to increase capacity utilisation of trains through clever pricing, achieve greater utilization transparency for planning capacities, and the use of a configurable cloud-based solution significantly reduces costs,” Karl Blaim, Managing Director and CFO of Siemens Mobility said.
The Netherlands based company Sqills is a leading provider in the provision of cloud-based inventory management, reservation, and ticketing software to public transport operators around the world.
Sqills acquisition and its state-of-the-art “S3 Passenger” online booking system, is the latest example of Siemens Mobility’s dedication to developing its software portfolio for digital intermodal and connected mobility solutions.
“Sqills is excited to explore new ways within the Siemens family to accelerate our go to market into Asia and the Americas, while continue to expand our customer base in Europe,” Bart van Munster, managing director and CEO of Sqills, said.
Sqills will be managed as separate legal entity and wholly owned subsidiary of Siemens Mobility, a structure that will allow the rail software provider to strengthen its leading position in offering innovative, smart, and comprehensive mobility solutions.
Together with Hacon, eos.uptrade, Bytemark and Padam Mobility, Sqills will become part of an interconnected software portfolio where a wide variety of services for public transport are brought together, so passengers can easily identify and directly book the trip option that best meets their needs.
In August 2021, Siemens Mobility announced the agreement to acquire the Dutch company at a EUR 550 million value with an expected closing of the transaction in the quarter of fiscal year 2022.