Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Siemens to acquire Dutch rail software company Sqills for €550M: Know more here

Vishal Singh by Vishal Singh
August 10, 2021
in News, Travel & Mobility
Sqills

Bart van Munster, Board Member and co-founder of Sqills | Image credit: LinkedIn

84
SHARES
LinkedInTwitterWhatsAppFacebook

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.

- Partner content -
EIT Digital
EIT Digital Challenge 2022 is here!
Calling all European deep-tech scaleups for EIT Digital Challenge 2022Show More
Calling all European deep-tech scaleups for EIT Digital Challenge 2022 Show Less
Read more

Sqills will be managed as a separate legal entity and a wholly-owned subsidiary of Siemens Mobility.

What does Sqills offer?

Sqills was founded in 2002 by Alexander Mul, Bart van Munster, Johan Nieuwerth, and Wouter Cassee. The company provides inventory, sales, and distribution software service for the public transport industry. Sqills says that it’s software solutions are focused on reducing cost, increasing revenue, and improving customer satisfaction for Public Transport Operators.

The company has developed “S3 Passenger” – a scalable platform that enables rail and bus operators to replace their legacy reservation systems with an online booking system – this helps increase the utilisation and availability of passenger transportation.

Currently, Sqills employs 160 people and forecasts revenue for calendar year 2022 of around €40M. With 33 operators across 9 countries, the company aims to quickly become the provider of choice to leading transport operators such as SNCF, Irish Rail, Rail Delivery Group, SJ, Via Rail, and Eurostar.

On joining Siemens Mobility, Bart van Munster, co-founder of Sqills, says, “Joining Siemens Mobility 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 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.”

Aim of this acquisition

Sqills’ “S3 Passenger” technology adds digital solutions to Siemens Mobility’s software portfolio as well as boosts its ability to provide the products & services to increase the overall usage and convenience of public transportation.

Michael Peter, CEO of Siemens Mobility, explains, “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. Hence, the acquisition of Sqills and it’s easy to implement SaaS inventory, reservation, and ticketing platform gives us the ability to achieve exactly that.”

Peter adds, “Furthermore, combining the Sqills booking platform and the Hacon solutions will provide a comprehensive offering for operators to manage their key travel processes, including trip searching and yield management.”

Hacon provides software solutions for public transportation, mobility, and logistics. The company has three business units, HAFAS, TPS, and Consulting and provides services from trip planning to mobile ticketing and fleet management. Since 2017, Hacon has been a member of the Siemens family.

With acquisitions of Hacon, eos.uptrade, Bytemark, and Padam Mobility, Sqills’ S3 Passenger will now become part of an interconnected software portfolio to provide various services for public transport together. Additionally, with Hacon’s trip planning and MaaS software, Siemens Mobility can now provide operators with an enhanced SaaS offering to manage their core processes.

About Siemens Mobility

Siemens Mobility has been providing transport solutions for more than 160 years. The company says it looks to constantly innovate its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. 

With digitalisation, Siemens Mobility is enabling mobility operators to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience, and guarantee availability. 

In fiscal year 2020, the company posted revenue of €9.1B and had around 38,500 employees worldwide.

 - Partner content -
How cybersecurity scaleup Intigriti conquered the world?
How cybersecurity scaleup Intigriti conquered the world?
Catch our interview with Paul Down, Head of Sales at Intigriti.
Catch our interview with Paul Down, Head of Sales at Intigriti. Show Less
Read more
Tags: acquisitionMobilitynews
Share6Tweet21SendShare34

Partner content | Work with us

Tokenisation is the future of the financial services industry, and Luxembourg’s Tokeny is at the helm of this change

Copilot for growers: Source.ag’s Rien Kamman explains how it helps growers increase their fresh produce with AI

Waste problem is complex, but Seenons has a solution: CEO and co-founder Joost Kamermans explains the plan

Want to scale your business in Germany and Europe? Here’s how the Scaleup Landing Pad Hamburg can help

Is your deep tech scaleup aiming high? The EIT Digital Challenge 2022 can get you there

Silicon Canals | Jobs


Breaking news from Amsterdam | Partner

Amsterdam-based CarbonCancel, a company that helped offset carbon footprint, shuts shop: Know more

Accenture acquires Amsterdam-based Sentia’s business in three countries: Know more

Amsterdam’s Flow Traders announces dedicated corporate VC unit with €50M initial commitment

Amsterdam’s Just Eat Takeaway pilots grocery delivery service through its own dark store in Berlin

Advertisement

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2022 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact

Silicon Canals 2014-2022 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Silicon Canals
Manage your privacy

To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.

Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Statistics

Marketing

Features
Always active

Always active
Manage options Manage services Manage vendors Read more about these purposes
Manage options
{title} {title} {title}
X
X