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Siemens Acquires Netherlands' Top Rail Software Provider for $652 Million
August 5th, 2021 - 07:30 GMT

Siemens Acquires Netherlands' Top Rail Software Provider for $652 Million

Siemens Mobility has inked an agreement to acquire Netherlands-based Sqills , a leading provider in the provision of cloud-based inventory management, reservation, and ticketing software to public transport operators around the world. The agreed purchase price is 550 million Euros ($652 million) plus an earn out. Sqills has developed “S3 Passenger” as an outstanding and scalable platform that enables rail and bus operators to replace their legacy reservation systems with ...
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