Munich-based Siemens AG is an engineering and electronics company that specialises in the fields of industry, energy, transportation, and healthcare. In a recent development, Siemens Mobility (a separately managed company of Siemens AG) has announced the acquisition of Netherlands-based Sqills, a SaaS provider for inventory management, reservation, and ticketing software.
The agreed purchase price is €550M plus an earn out. The acquisition is expected to be earnings per share (EPS) accretive pre-PPA (Purchase Price Allocation) in the second year after closing. The transaction is expected to close in the first quarter of fiscal year 2022.